Target Corporation $TGT Shares Bought by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. grew its position in shares of Target Corporation (NYSE:TGT) by 36.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,300 shares of the retailer’s stock after purchasing an additional 23,300 shares during the period. Nan Fung Trinity HK Ltd.’s holdings in Target were worth $8,534,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after acquiring an additional 124,371 shares during the last quarter. LJI Wealth Management LLC boosted its position in shares of Target by 446.4% in the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after acquiring an additional 19,474 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Target by 15.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after acquiring an additional 45,803 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Target in the third quarter worth approximately $8,694,000. Finally, Mather Group LLC. boosted its position in shares of Target by 7.5% in the fourth quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after acquiring an additional 10,839 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the topic of several research analyst reports. Citigroup raised their target price on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho set a $120.00 target price on shares of Target in a research report on Thursday, March 5th. Morgan Stanley raised their target price on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Guggenheim raised their price target on shares of Target from $130.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, DA Davidson raised their price target on shares of Target from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $118.04.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Target Trading Down 0.6%

NYSE TGT opened at $125.18 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $133.10. The company’s 50 day moving average price is $121.35 and its 200 day moving average price is $107.47. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The firm has a market capitalization of $56.85 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 5.22 and a beta of 1.01.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the firm posted $2.41 earnings per share. Target’s revenue for the quarter was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts predict that Target Corporation will post 8.02 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. Target’s dividend payout ratio (DPR) is currently 56.09%.

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.