Target Corporation $TGT Shares Acquired by World Investment Advisors

World Investment Advisors grew its position in shares of Target Corporation (NYSE:TGT) by 80.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,726 shares of the retailer’s stock after purchasing an additional 5,665 shares during the quarter. World Investment Advisors’ holdings in Target were worth $1,244,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TGT. Vanguard Group Inc. increased its holdings 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 buying an additional 286,499 shares in the last quarter. State Street Corp boosted its stake in shares of Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock worth $3,692,265,000 after acquiring an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Target by 3.4% during 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 acquiring an additional 561,898 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after acquiring an additional 142,937 shares during the period. Finally, Norges Bank acquired a new stake in shares of Target during the 4th quarter valued at about $587,903,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.1%

NYSE TGT opened at $130.82 on Monday. The business has a fifty day moving average price of $126.43 and a 200 day moving average price of $115.16. Target Corporation has a one year low of $83.44 and a one year high of $137.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The company has a market cap of $59.42 billion, a P/E ratio of 17.28, a P/E/G ratio of 2.55 and a beta of 1.00.

Target (NYSE:TGT) last announced 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. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 3.5%. 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 a number of analyst reports. BNP Paribas Exane upped their price target on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. BMO Capital Markets increased their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Truist Financial raised their price objective on Target from $123.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Guggenheim boosted their price objective on Target from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Finally, Robert W. Baird upped their target price on Target from $125.00 to $135.00 and gave the stock a “neutral” 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $126.11.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.