Y Intercept Hong Kong Ltd Acquires Shares of 93,724 Target Corporation $TGT

Y Intercept Hong Kong Ltd purchased a new position in shares of Target Corporation (NYSE:TGT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 93,724 shares of the retailer’s stock, valued at approximately $9,162,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after purchasing an additional 124,371 shares during the period. Winning Points Advisors LLC acquired a new position in shares of Target during the 4th quarter worth $611,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Target by 15.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after purchasing an additional 45,803 shares during the period. Mather Group LLC. grew its stake in shares of Target by 7.5% during the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after purchasing an additional 10,839 shares during the period. Finally, Franklin Resources Inc. grew its stake 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 worth $605,507,000 after purchasing an additional 142,937 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

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. Also, insider Cara A. Sylvester sold 10,000 shares of the firm’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 sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TGT has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Bank of America began coverage on shares of Target in a research note on Friday, February 27th. They set an “underperform” rating and a $103.00 price target on the stock. BNP Paribas Exane boosted their price objective on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Telsey Advisory Group boosted their price objective on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Mizuho set a $120.00 price objective on shares of Target in a research report on Thursday, March 5th. Eleven research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $126.11.

Target Price Performance

Target stock opened at $135.29 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $136.14. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm’s 50-day simple moving average is $125.42 and its 200 day simple moving average is $113.50. The firm has a market capitalization of $61.45 billion, a PE ratio of 17.87, a P/E/G ratio of 2.59 and a beta of 1.00.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 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 business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.4%. Target’s payout ratio is currently 60.24%.

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.