Target Corporation $TGT Stake Raised by Syon Capital LLC

Syon Capital LLC grew its holdings in shares of Target Corporation (NYSE:TGT) by 169.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,154 shares of the retailer’s stock after buying an additional 4,499 shares during the period. Syon Capital LLC’s holdings in Target were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. ING Groep NV bought a new stake in shares of Target during the fourth quarter valued at approximately $717,000. Capital World Investors raised its holdings in shares of Target by 0.4% during the fourth quarter. Capital World Investors now owns 4,606,090 shares of the retailer’s stock valued at $450,245,000 after buying an additional 19,241 shares during the last quarter. Tradition Wealth Management LLC raised its holdings in shares of Target by 8.9% during the fourth quarter. Tradition Wealth Management LLC now owns 14,570 shares of the retailer’s stock valued at $1,424,000 after buying an additional 1,188 shares during the last quarter. XML Financial LLC raised its holdings in shares of Target by 40.4% during the fourth quarter. XML Financial LLC now owns 3,859 shares of the retailer’s stock valued at $377,000 after buying an additional 1,111 shares during the last quarter. Finally, MCF Advisors LLC raised its holdings in shares of Target by 1,216.3% during the fourth quarter. MCF Advisors LLC now owns 1,211 shares of the retailer’s stock valued at $118,000 after buying an additional 1,119 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TGT. BNP Paribas Exane lifted their price target on Target from $63.00 to $88.00 and gave the company an “underperform” rating in a report on Wednesday, March 4th. Argus set a $150.00 price target on Target in a report on Friday, May 22nd. Telsey Advisory Group lifted their price target on Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. DA Davidson boosted their target price on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.93.

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on 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 transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by insiders.

Target Price Performance

Shares of NYSE:TGT opened at $126.52 on Wednesday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $133.10. The stock has a market cap of $57.46 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.42 and a beta of 1.00. The stock’s 50 day moving average price is $124.70 and its 200 day moving average price is $112.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30.

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

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.