Mediolanum International Funds Ltd Has $51.90 Million Stock Holdings in Target Corporation $TGT

Mediolanum International Funds Ltd boosted its stake in shares of Target Corporation (NYSE:TGT) by 2,894.0% in the first quarter, HoldingsChannel reports. The firm owned 436,938 shares of the retailer’s stock after purchasing an additional 422,344 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Target were worth $51,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Winning Points Advisors LLC bought a new position in shares of Target during the fourth quarter worth approximately $611,000. Franklin Resources Inc. lifted its holdings in Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares during the last quarter. Bogart Wealth LLC boosted its stake in Target by 41.8% in the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after purchasing an additional 32,746 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Target in the 1st quarter valued at $6,686,000. Finally, Mather Group LLC. grew its holdings in Target by 7.5% in the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock valued at $15,173,000 after buying an additional 10,839 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Target Price Performance

Target stock opened at $139.93 on Friday. The stock’s fifty day moving average price is $129.35 and its two-hundred day moving average price is $120.43. Target Corporation has a one year low of $83.44 and a one year high of $144.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The firm has a market cap of $63.55 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts expect that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.3%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is presently 61.29%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TGT shares. Citigroup increased their price objective on Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Piper Sandler restated a “neutral” rating on shares of Target in a research note on Friday, June 12th. Evercore set a $130.00 price target on shares of Target in a research report on Monday, May 18th. Finally, Guggenheim lifted their price objective on shares of Target from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $131.96.

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.