Erste Asset Management GmbH Has $7.77 Million Stock Holdings in Target Corporation $TGT

Erste Asset Management GmbH increased its stake in shares of Target Corporation (NYSE:TGT) by 5,032.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 79,040 shares of the retailer’s stock after buying an additional 77,500 shares during the quarter. Erste Asset Management GmbH’s holdings in Target were worth $7,768,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new position in Target during the 2nd quarter worth approximately $25,000. Global Wealth Strategies & Associates increased its position in Target by 192.0% in 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 period. Eagle Bay Advisors LLC acquired a new position in Target in the 4th quarter valued at approximately $30,000. Key Financial Inc increased its position in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after acquiring an additional 151 shares during the period. Finally, True Wealth Design LLC increased its position in Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after acquiring an additional 223 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the subject of several recent research reports. KeyCorp restated a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Robert W. Baird upped their price target on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Evercore set a $130.00 price target on shares of Target in a research report on Monday, May 18th. Roth Mkm restated a “neutral” rating and issued a $114.00 price target on shares of Target in a research report on Friday, May 22nd. Finally, DA Davidson upped their price objective on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $125.93.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by corporate insiders.

Target Stock Up 1.0%

Shares of NYSE TGT opened at $123.79 on Tuesday. The firm has a market cap of $56.22 billion, a PE ratio of 16.35, a P/E/G ratio of 2.39 and a beta of 1.00. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The company’s fifty day simple moving average is $124.57 and its 200 day simple moving average is $112.43. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.7%. Target’s dividend payout ratio is currently 60.24%.

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.