ING Groep NV Makes New $717,000 Investment in Target Corporation $TGT

ING Groep NV purchased a new stake in Target Corporation (NYSE:TGT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,339 shares of the retailer’s stock, valued at approximately $717,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Target by 0.5% during the fourth 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 grew its position in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after buying an additional 911,964 shares during the last quarter. Norges Bank bought a new position in shares of Target in the fourth quarter valued at $587,903,000. Dimensional Fund Advisors LP increased its holdings in shares of Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after buying an additional 122,300 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Target by 0.4% during the 4th quarter. Capital World Investors now owns 4,606,090 shares of the retailer’s stock valued at $450,245,000 after acquiring an additional 19,241 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several research reports. UBS Group raised their price objective on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Guggenheim reaffirmed a “buy” rating and set a $140.00 target price on shares of Target in a research report on Wednesday, May 20th. BMO Capital Markets upped their target price on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. Royal Bank Of Canada lifted their price target on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Barclays restated an “underweight” rating on shares of Target in a report on Monday, June 1st. Eleven equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $125.93.

Target Stock Up 1.0%

TGT stock opened at $127.89 on Thursday. The company has a 50 day moving average of $124.89 and a two-hundred day moving average of $113.02. The company has a market cap of $58.09 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.47 and a beta of 1.00. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. 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 (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the prior year, the business posted $1.30 earnings per share. Target’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target Corporation will post 8.35 earnings per share for the current fiscal year.

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.