Legal & General Group Plc Has $296.88 Million Stock Position in Target Corporation $TGT

Legal & General Group Plc lifted its position in Target Corporation (NYSE:TGT) by 0.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,309,746 shares of the retailer’s stock after buying an additional 25,989 shares during the period. Legal & General Group Plc’s holdings in Target were worth $296,884,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Target by 12.6% during the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after acquiring an additional 6,481,560 shares in the last quarter. State Street Corp increased its holdings in shares of Target by 4.3% in the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after acquiring an additional 1,529,026 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Target by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after purchasing an additional 277,176 shares during the period. Norges Bank acquired a new stake in shares of Target during the second quarter worth about $578,009,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Target by 2.5% during 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 in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.7%

Shares of Target stock opened at $118.72 on Thursday. The firm has a market cap of $53.76 billion, a PE ratio of 14.60, a P/E/G ratio of 5.21 and a beta of 1.12. The business’s 50 day simple moving average is $111.33 and its 200 day simple moving average is $98.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s dividend payout ratio is presently 56.09%.

Analysts Set New Price Targets

TGT has been the subject of several research analyst reports. UBS Group boosted their price objective on Target from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Morgan Stanley lifted their price target on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, BMO Capital Markets raised their price objective on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $116.45.

Target 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.