Danske Bank A S Acquires 24,400 Shares of Target Corporation $TGT

Danske Bank A S increased its position in shares of Target Corporation (NYSE:TGT) by 11.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 232,598 shares of the retailer’s stock after buying an additional 24,400 shares during the period. Danske Bank A S’s holdings in Target were worth $22,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Target by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after acquiring an additional 286,499 shares during the period. State Street Corp boosted its stake in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after purchasing an additional 911,964 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock worth $453,050,000 after purchasing an additional 122,300 shares in the last quarter. Invesco Ltd. boosted its stake in Target by 10.2% in the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock worth $350,742,000 after purchasing an additional 360,781 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Target by 0.8% in the third quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock worth $296,884,000 after purchasing an additional 25,989 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 0.5%

NYSE:TGT opened at $129.06 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The company has a market cap of $58.61 billion, a PE ratio of 15.87, a PEG ratio of 5.37 and a beta of 1.01. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10. The stock has a 50-day simple moving average of $120.55 and a 200 day simple moving average of $106.55.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts expect that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is currently 56.09%.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was 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 trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of Target in a research note on Wednesday, March 4th. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and upped their price target for the company from $110.00 to $145.00 in a research note on Wednesday, March 4th. BMO Capital Markets upped their price target on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Wolfe Research raised Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Finally, Morgan Stanley increased their target price on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.39.

Target 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.