Munich Reinsurance Co Stock Corp in Munich Invests $6.69 Million in Target Corporation $TGT

Munich Reinsurance Co Stock Corp in Munich acquired a new position in Target Corporation (NYSE:TGT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 55,161 shares of the retailer’s stock, valued at approximately $6,686,000.

Several other large investors also recently added to or reduced their stakes in the business. WFA of San Diego LLC purchased a new position in Target during the second quarter worth about $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Target in the 4th quarter valued at about $26,000. Capital Advisors Ltd. LLC boosted its position in shares of Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

TGT opened at $132.44 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $60.15 billion, a P/E ratio of 17.49, a PEG ratio of 2.49 and a beta of 0.98. The stock has a 50-day moving average price of $128.16 and a 200-day moving average price of $118.63. Target Corporation has a 12-month low of $83.44 and a 12-month high of $142.82.

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

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.5%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 60.24%.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent analyst reports. Truist Financial boosted their price objective on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Citigroup raised their target price on shares of Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Evercore set a $130.00 price target on shares of Target in a research note on Monday, May 18th. Finally, Robert W. Baird increased their price target on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Twelve 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 company’s stock. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $130.64.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s 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 completion of the sale, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.