Target Corporation $TGT Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Target Corporation (NYSE:TGT) by 54.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,291 shares of the retailer’s stock after acquiring an additional 70,442 shares during the quarter. Handelsbanken Fonder AB’s holdings in Target were worth $19,578,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in TGT. Vanguard Group Inc. lifted its position in shares of Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares during the last quarter. State Street Corp lifted its holdings in shares of Target by 2.5% in the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after purchasing an additional 911,964 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Target by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after purchasing an additional 122,300 shares during the period. Invesco Ltd. increased its position in Target by 10.2% during the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock worth $350,742,000 after buying an additional 360,781 shares during the period. Finally, Legal & General Group Plc lifted 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 valued at $296,884,000 after buying an additional 25,989 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Key Headlines Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target reported first-quarter EPS of $1.71, beating estimates, while revenue rose 6.7% to $25.44 billion and comparable sales strengthened, suggesting its turnaround is gaining traction. Target Corporation Reports First Quarter Earnings
• Positive Sentiment: Management raised full-year guidance, signaling confidence in continued sales momentum and margin improvement, which supports the case for a recovery in 2026. Target Beats Q1 Earnings Estimates on Strong Sales, Raises View
• Neutral Sentiment: Target also named a new supply-chain chief, Jeff England, to help improve logistics and the shopping experience, a longer-term operational step rather than an immediate earnings catalyst. Target Names Jeff England EVP, Chief Global Supply Chain and Logistics Officer
• Negative Sentiment: Even after the beat, some analysts downgraded the stock or argued that the rally has made valuation less attractive, implying limited upside if costs stay elevated. Target: Take Some Chips Off The Table (Rating Downgrade)
• Negative Sentiment: Market commentary says shares fell because investors are wary that cost headwinds and consumer uncertainty could offset the improved sales trend in the near term. Target tops forecasts but shares fall as retailer flags cost headwinds

Target Price Performance

Shares of NYSE TGT opened at $122.91 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The stock has a market cap of $55.82 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 3.78 and a beta of 1.01. The company’s 50-day moving average price is $122.25 and its 200 day moving average price is $109.26. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating 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 3.54% and a return on equity of 22.25%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts forecast that Target Corporation will post 8.06 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.7%. Target’s payout ratio is presently 56.09%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $132.00 price target on shares of Target in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $123.00 price objective on shares of Target in a research report on Friday, May 15th. Oppenheimer boosted their price target on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Piper Sandler lifted their price objective on Target from $119.00 to $121.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Barclays boosted their target price on Target from $108.00 to $115.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $120.18.

Insider Activity

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

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.