Fideuram Asset Management Ireland dac bought a new stake in shares of Target Corporation (NYSE:TGT – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 6,438 shares of the retailer’s stock, valued at approximately $629,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Valtinson Bruner Financial Planning LLC boosted its stake in shares of Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after purchasing an additional 92 shares during the last quarter. Auxano Advisors LLC boosted its stake in shares of Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after purchasing an additional 93 shares during the last quarter. Neumann Capital Management LLC boosted its stake in shares of Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after purchasing an additional 100 shares during the last quarter. Binnacle Investments Inc boosted its stake in shares of Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after purchasing an additional 104 shares during the last quarter. Finally, Mission Wealth Management LP boosted its stake in shares of Target by 1.6% during the 4th quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer’s stock worth $678,000 after purchasing an additional 106 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on TGT shares. Citigroup raised their price target on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Evercore set a $130.00 price target on shares of Target in a research note on Monday, May 18th. DA Davidson raised their price target on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $124.00 price target on shares of Target in a research note on Thursday, May 21st. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $125.93.
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 1.1%
Shares of TGT stock opened at $127.25 on Friday. The stock has a market cap of $57.80 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.48 and a beta of 1.01. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $133.10. The firm’s 50 day moving average price is $123.56 and its two-hundred day moving average price is $110.87.
Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts anticipate that Target Corporation will post 8.35 EPS for the current year.
Target Dividend Announcement
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 60.24%.
Target Company 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.
Featured Stories
- Five stocks we like better than Target
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT – Free Report).
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.
