Nomura Asset Management Co. Ltd. Grows Stock Position in Target Corporation $TGT

Nomura Asset Management Co. Ltd. increased its position in shares of Target Corporation (NYSE:TGT) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 567,017 shares of the retailer’s stock after buying an additional 27,034 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Target were worth $55,426,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TGT. WFA of San Diego LLC purchased a new stake in shares of Target during the 2nd quarter valued at approximately $25,000. Global Wealth Strategies & Associates raised its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Target during the 4th quarter valued at approximately $30,000. Key Financial Inc raised its position in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares during the period. Finally, True Wealth Design LLC raised its position in shares of Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TGT shares. Guggenheim reaffirmed a “buy” rating and set a $140.00 price target on shares of Target in a research report on Wednesday, May 20th. BMO Capital Markets boosted their target price on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group boosted their target price on Target from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Piper Sandler boosted their target price on Target from $121.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $125.93.

Target Stock Up 0.1%

Shares of NYSE TGT opened at $127.25 on Monday. The firm has a market cap of $57.80 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.48 and a beta of 1.00. 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 52-week low of $83.44 and a 52-week high of $133.10. The business’s 50 day moving average is $123.56 and its two-hundred day moving average is $111.01.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts predict that Target Corporation will post 8.35 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. Target’s payout ratio is 60.24%.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.