Target Corporation $TGT Shares Bought by EFG International AG

EFG International AG lifted its holdings in shares of Target Corporation (NYSE:TGT) by 227.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,597 shares of the retailer’s stock after buying an additional 21,935 shares during the period. EFG International AG’s holdings in Target were worth $4,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. Nicholas Investment Partners LP lifted its stake in Target by 204.3% in the second quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer’s stock valued at $7,204,000 after buying an additional 37,030 shares during the last quarter. Kinloch Capital LLC increased its holdings in shares of Target by 25.2% in the 2nd quarter. Kinloch Capital LLC now owns 42,510 shares of the retailer’s stock worth $5,552,000 after acquiring an additional 8,554 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Target by 2.2% in the 2nd quarter. Jones Financial Companies Lllp now owns 342,773 shares of the retailer’s stock worth $48,051,000 after acquiring an additional 7,529 shares during the period. Fiduciary Financial Advisors bought a new stake in Target in the 2nd quarter valued at about $71,000. Finally, L2 Asset Management LLC lifted its position in Target by 421.9% in the 2nd quarter. L2 Asset Management LLC now owns 12,746 shares of the retailer’s stock valued at $1,665,000 after purchasing an additional 10,304 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $154.00 target price on shares of Target in a research report on Thursday, August 20th. UBS Group lifted their price target on Target from $166.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on shares of Target in a report on Thursday, August 20th. Royal Bank Of Canada increased their price target on Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Target in a research note on Friday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $159.52.

Target Trading Down 3.9%

NYSE:TGT opened at $163.20 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The firm has a market capitalization of $74.12 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. The stock has a fifty day simple moving average of $142.15 and a 200 day simple moving average of $128.90.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts forecast that Target Corporation will post 8.88 earnings per share for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 48.18%.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the transaction, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.

Target Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.