Swiss National Bank Reduces Holdings in Target Corporation $TGT

Swiss National Bank cut its position in Target Corporation (NYSE:TGT) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,309,600 shares of the retailer’s stock after selling 69,500 shares during the quarter. Swiss National Bank’s holdings in Target were worth $117,471,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TGT. Pin Oak Investment Advisors Inc. lifted its holdings in Target by 32.3% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after buying an additional 98 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of Target by 0.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after acquiring an additional 100 shares in the last quarter. Binnacle Investments Inc increased its position in shares of Target by 11.4% during the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after acquiring an additional 104 shares during the last quarter. Empirical Finance LLC increased its position in shares of Target by 0.7% during the second quarter. Empirical Finance LLC now owns 16,271 shares of the retailer’s stock worth $1,605,000 after acquiring an additional 109 shares during the last quarter. Finally, Obermeyer Wealth Partners lifted its stake in shares of Target by 4.0% in the third quarter. Obermeyer Wealth Partners now owns 2,860 shares of the retailer’s stock worth $257,000 after acquiring an additional 110 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

TGT stock opened at $120.70 on Wednesday. The stock’s 50 day simple moving average is $110.91 and its 200 day simple moving average is $98.58. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00. The firm has a market cap of $54.65 billion, a P/E ratio of 14.85, a P/E/G ratio of 5.19 and a beta of 1.12. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS 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 net margin of 3.54% and a return on equity of 22.25%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Wednesday, February 11th were paid a dividend of $1.14 per share. The ex-dividend date was Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s dividend payout ratio is 56.09%.

Analyst Ratings Changes

A number of brokerages have weighed in on TGT. BMO Capital Markets raised their price objective on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Roth Mkm set a $88.00 target price on Target in a research note on Thursday, November 20th. Mizuho set a $120.00 price target on shares of Target in a research note on Thursday, March 5th. Guggenheim increased their price objective on shares of Target from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.45.

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.