EFG International AG Boosts Stock Position in Target Corporation $TGT

EFG International AG raised its stake in Target Corporation (NYSE:TGT) by 227.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,597 shares of the retailer’s stock after purchasing an additional 21,935 shares during the quarter. EFG International AG’s holdings in Target were worth $4,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after purchasing an additional 286,499 shares during the period. BlackRock Inc. purchased a new position in Target in the 2nd quarter valued at $5,054,604,000. State Street Corp increased its stake in Target by 0.3% in the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after buying an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after acquiring an additional 561,898 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Target in the second quarter valued at about $831,466,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Target from $148.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Barclays lifted their price objective on Target from $115.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, August 19th. DA Davidson boosted their target price on Target from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Jefferies Financial Group increased their target price on Target from $161.00 to $177.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, TD Cowen raised their price target on Target from $155.00 to $160.00 and gave the company a “hold” rating in a report on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Target presently 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 firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated 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 directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Target Trading Down 3.9%

Shares of Target stock opened at $163.20 on Wednesday. The company has a 50-day moving average of $142.15 and a two-hundred day moving average of $128.90. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The stock has a market cap of $74.12 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts anticipate that Target Corporation will post 8.88 EPS for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is presently 48.18%.

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.