Raiffeisen Bank International AG Has $2.29 Million Holdings in Target Corporation $TGT

Raiffeisen Bank International AG raised its position in shares of Target Corporation (NYSE:TGT) by 43.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,065 shares of the retailer’s stock after buying an additional 5,129 shares during the quarter. Raiffeisen Bank International AG’s holdings in Target were worth $2,285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Kimelman & Baird LLC acquired a new position in Target in the 2nd quarter worth approximately $26,000. Richardson Financial Services Inc. acquired a new stake in Target during the 2nd quarter valued at $26,000. Archer Investment Corp purchased a new stake in shares of Target in the second quarter valued at $30,000. WFA of San Diego LLC purchased a new stake in shares of Target in the second quarter valued at $25,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Target in the fourth quarter worth $25,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, CAO Matthew Liegel sold 926 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Melissa Kremer sold 15,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TGT. Guggenheim lifted their price target on Target from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wells Fargo & Company lifted their target price on Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Telsey Advisory Group increased their price target on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Mizuho set a $150.00 price target on shares of Target in a report on Thursday, August 20th. Finally, TD Cowen upped their price objective on shares of Target from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Target has an average rating of “Hold” and an average target price of $159.52.

Target Stock Performance

Shares of TGT stock opened at $164.15 on Friday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The stock’s 50-day moving average is $146.84 and its two-hundred day moving average is $131.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The firm has a market cap of $74.57 billion, a P/E ratio of 17.05, a PEG ratio of 3.05 and a beta of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion during 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 firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts predict that Target Corporation will post 8.85 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were paid 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 was Wednesday, August 12th. 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.