Target Corporation $TGT Shares Bought by Saudi Central Bank

Posted by Geri Gentry on Sep 7th, 2026

Target logo Saudi Central Bank raised its holdings in shares of Target Corporation (NYSE:TGT – Free Report) by 89.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,700 shares of the retailer’s stock after buying an additional 14,986 shares during the quarter. Saudi Central Bank’s holdings in Target were worth $4,140,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TGT. WFA of San Diego LLC purchased a new position in shares of Target in the second quarter worth about $25,000. Jessup Wealth Management Inc purchased a new stake in Target during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. acquired a new stake in Target in the 2nd quarter valued at about $26,000. Kimelman & Baird LLC purchased a new position in Target in the 2nd quarter worth approximately $26,000. Finally, Altshuler Shaham Ltd purchased a new position in Target in the 4th quarter worth approximately $26,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of analyst reports. Telsey Advisory Group upped their price target on Target from $170.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. UBS Group lifted their price objective on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. KeyCorp reissued a “sector weight” rating on shares of Target in a research note on Thursday, August 20th. JPMorgan Chase & Co. upped their target price on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft set a $150.00 target price on Target in a research note on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $159.52.

Get Our Latest Analysis on Target

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.

Target Trading Down 0.2%

NYSE TGT opened at $164.15 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The stock has a market capitalization of $74.57 billion, a P/E ratio of 17.05, a PEG ratio of 3.06 and a beta of 0.99. The firm’s 50-day moving average is $146.84 and its two-hundred day moving average is $131.68. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75.

Target (NYSE:TGT – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.85 earnings per share for the current year.

Target Increases Dividend

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

About Target

(Free Report)

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.