Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 1,154,463 Target Corporation $TGT

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,154,463 shares of the retailer’s stock, valued at approximately $150,784,000.

Other large investors also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in Target in the second quarter worth about $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Target during the fourth quarter valued at approximately $26,000. MidFirst Bank bought a new stake in shares of Target during the fourth quarter valued at approximately $31,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after acquiring an additional 194 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TGT has been the subject of several recent analyst reports. Zacks Research upgraded Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. DA Davidson boosted their target price on Target from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial boosted their target price on Target from $130.00 to $147.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Robert W. Baird upped their target price on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.85.

Target Stock Down 2.3%

TGT opened at $150.94 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. Target Corporation has a 1-year low of $83.44 and a 1-year high of $156.47. The company has a market capitalization of $68.56 billion, a PE ratio of 19.94, a PEG ratio of 2.51 and a beta of 0.96. The firm’s 50 day simple moving average is $138.56 and its two-hundred day simple moving average is $126.62.

Target (NYSE:TGT) last issued its quarterly 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. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter last year, the company posted $1.30 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts forecast that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.1%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is presently 61.29%.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was 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. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

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.