Vise Technologies Inc. raised its position in shares of Target Corporation (NYSE:TGT – Free Report) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,817 shares of the retailer’s stock after buying an additional 4,228 shares during the quarter. Vise Technologies Inc.’s holdings in Target were worth $1,351,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Target by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after purchasing an additional 286,499 shares during the last quarter. State Street Corp raised its position in shares of Target by 2.5% in the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after purchasing an additional 911,964 shares during the last quarter. Norges Bank purchased a new position in shares of Target in the 4th quarter valued at approximately $587,903,000. Dimensional Fund Advisors LP raised its position in shares of Target by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after purchasing an additional 122,300 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Target by 10.2% in the 3rd quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after purchasing an additional 360,781 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on TGT shares. The Goldman Sachs Group increased their price objective on shares of Target from $112.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Mizuho set a $120.00 price objective on shares of Target in a research report on Thursday, March 5th. DA Davidson increased their price objective on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Evercore set a $130.00 price objective on shares of Target in a research report on Monday, May 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $125.93.
Insider Activity at Target
In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by corporate insiders.
Target Price Performance
Shares of NYSE:TGT opened at $123.79 on Tuesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The company’s 50 day moving average is $124.57 and its 200 day moving average is $112.43. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a market cap of $56.22 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00.
Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the prior year, the company earned $1.30 EPS. Target’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts forecast that Target Corporation will post 8.35 EPS for the current year.
Target Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, May 13th. Target’s dividend payout ratio is 60.24%.
About Target
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.
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