Target Corporation $TGT Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Target Corporation (NYSE:TGT) by 12.9% in the second quarter, HoldingsChannel.com reports. The firm owned 4,514,522 shares of the retailer’s stock after acquiring an additional 514,155 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Target were worth $589,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target during the fourth quarter valued at about $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Target during the second quarter valued at about $26,000. Kimelman & Baird LLC purchased a new stake in shares of Target in the 2nd quarter valued at approximately $26,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Target in the 4th quarter valued at approximately $26,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Target from $161.00 to $177.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. The Goldman Sachs Group boosted their target price on Target from $127.00 to $161.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Zacks Research cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price target on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, Mizuho set a $150.00 price objective on Target in a research note on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Target has a consensus rating of “Hold” and an average price target of $159.52.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Target Price Performance

Shares of TGT opened at $163.14 on Monday. The company has a market cap of $74.10 billion, a P/E ratio of 16.94, a PEG ratio of 3.04 and a beta of 0.96. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average price is $144.21 and its 200 day moving average price is $129.96.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts forecast that Target Corporation will post 8.84 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 yield of 2.8%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is 48.18%.

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.