Target Corporation $TGT Shares Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Target Corporation (NYSE:TGT) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,236 shares of the retailer’s stock after buying an additional 5,248 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Target were worth $18,815,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WFA of San Diego LLC purchased a new stake in Target in the second quarter valued at approximately $25,000. Jessup Wealth Management Inc purchased a new position in Target during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Target during the 4th quarter valued at approximately $26,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares during the last quarter. Finally, Global Wealth Strategies & Associates increased its stake in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Target Trading Down 2.4%

Shares of NYSE:TGT opened at $130.65 on Wednesday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $142.82. The company’s 50 day moving average is $128.26 and its two-hundred day moving average is $117.29. The company has a market cap of $59.34 billion, a PE ratio of 17.26, a P/E/G ratio of 2.62 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

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

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 60.24%.

Analysts Set New Price Targets

TGT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $123.00 target price on shares of Target in a research report on Friday, May 15th. Oppenheimer boosted their price objective on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Piper Sandler restated a “neutral” rating on shares of Target in a research note on Friday, June 12th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research report on Monday, June 15th. Finally, Truist Financial lifted their price target on Target from $123.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Target has an average rating of “Hold” and an average price target of $130.64.

About Target

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.