denkapparat Operations GmbH Acquires Shares of 4,600 Target Corporation $TGT

denkapparat Operations GmbH acquired a new position in shares of Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,600 shares of the retailer’s stock, valued at approximately $601,000.

Several other large investors have also modified their holdings of TGT. BlackRock Inc. bought a new stake in Target during the second quarter valued at $5,054,604,000. State Street Corp boosted its stake in Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after purchasing an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 purchasing an additional 561,898 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Target in the second quarter valued at approximately $831,466,000. Finally, Franklin Resources Inc. raised its holdings in shares of Target by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after buying an additional 142,937 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In related news, CAO Matthew Liegel sold 926 shares of the firm’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 transaction of $151,410.26. Following the transaction, the chief accounting officer owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the sale, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. The trade was a 21.38% 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 Trading Up 0.1%

Shares of NYSE TGT opened at $164.15 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a one year low of $83.44 and a one year high of $170.75. The business has a 50-day moving average price of $146.84 and a two-hundred day moving average price of $131.57. The firm has a market capitalization of $74.57 billion, a PE ratio of 17.05, a PEG ratio of 3.05 and a beta of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts predict that Target Corporation will post 8.85 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were paid a dividend of $1.16 per share. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. Target’s dividend payout ratio (DPR) is 48.18%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird set a $170.00 target price on Target in a research note on Thursday, August 20th. BMO Capital Markets upped their price objective on shares of Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. Mizuho set a $150.00 target price on shares of Target in a research note on Thursday, August 20th. TD Cowen upped their price target on shares of Target from $155.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Finally, Oppenheimer raised their price objective on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $159.52.

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.