Target Corporation $TGT Stock Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its stake in Target Corporation (NYSE:TGT – Free Report) by 84,903.6% in the 3rd quarter, Holdings Channel reports. The firm owned 23,801 shares of the retailer’s stock after buying an additional 23,773 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Target were worth $3,723,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Target during the second quarter worth $5,054,604,000. Bank of New York Mellon Corp acquired a new stake in Target during the 2nd quarter valued at $831,466,000. Dimensional Fund Advisors LP grew its holdings in Target by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after purchasing an additional 411,608 shares in the last quarter. Bank of America Corp DE grew its holdings in Target by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after purchasing an additional 82,268 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Target by 12.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock worth $589,642,000 after buying an additional 514,155 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 4.7%

TGT opened at $165.91 on Tuesday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. 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 $75.37 billion, a PE ratio of 17.23, a P/E/G ratio of 3.02 and a beta of 0.94. The firm’s fifty day moving average price is $156.46 and its 200 day moving average price is $135.32.

Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts expect that Target Corporation will post 8.91 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. Target’s dividend payout ratio (DPR) is presently 48.18%.

Analyst Ratings Changes

TGT has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. Wells Fargo & Company raised their target price on Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. UBS Group lifted their target price on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Citigroup boosted their price target on Target from $148.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $150.00 price target (up from $145.00) on shares of Target in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.70.

Read Our Latest Stock Report on Target

Insider Activity

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction that occurred on 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 represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

About Target

(Free Report)

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands.

The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States.

The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.

See Also

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).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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