Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Position in Target Corporation $TGT

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Target Corporation (NYSE:TGT) by 29.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 78,801 shares of the retailer’s stock after selling 32,806 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Target were worth $7,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA of San Diego LLC purchased a new position in shares of Target in the 2nd quarter worth $25,000. Global Wealth Strategies & Associates grew its stake in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Target in the 4th quarter worth about $30,000. Key Financial Inc lifted its holdings in shares of Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after acquiring an additional 151 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after acquiring an additional 223 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Down 0.0%

Shares of Target stock opened at $122.52 on Monday. The firm’s 50 day moving average price is $124.43 and its 200-day moving average price is $112.18. 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 Corporation has a 52-week low of $83.44 and a 52-week high of $133.10. The company has a market cap of $55.65 billion, a P/E ratio of 16.18, a PEG ratio of 2.39 and a beta of 1.00.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Announces Dividend

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

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research raised Target’s earnings estimates for FY2027, FY2028, and FY2029, signaling stronger expected profitability over the next several years. Target Corporation (NYSE:TGT)
• Positive Sentiment: The firm also increased quarterly EPS estimates for Q1 2028, Q1 2029, Q2 2028, and Q3 2028, which may reassure investors that earnings momentum is improving beyond the current year. Target Corporation (NYSE:TGT)
• Neutral Sentiment: Target is trending on Zacks.com and Yahoo Finance, suggesting elevated investor interest, but those items do not add new fundamental news by themselves. Is Trending Stock Target Corporation (TGT) a Buy Now?
• Neutral Sentiment: Current full-year EPS consensus remains at $8.35, so the revisions are supportive but not yet a major reset to near-term expectations. Is Trending Stock Target Corporation (TGT) a Buy Now?
• Negative Sentiment: Zacks also trimmed some estimates, including Q4 2027 EPS, showing that the outlook is not uniformly improving across all time periods. Target Corporation (NYSE:TGT)

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TGT. Barclays restated an “underweight” rating on shares of Target in a report on Monday, June 1st. Bank of America began coverage on shares of Target in a report on Friday, February 27th. They issued an “underperform” rating and a $103.00 target price for the company. BMO Capital Markets raised their target price on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Wells Fargo & Company raised their target price on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, DA Davidson lifted their price objective on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned 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 $125.93.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred 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 sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.