Equity Investment Corp Has $116.22 Million Holdings in Target Corporation $TGT

Equity Investment Corp boosted its stake in Target Corporation (NYSE:TGT) by 15.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,295,609 shares of the retailer’s stock after purchasing an additional 177,298 shares during the quarter. Target comprises about 2.4% of Equity Investment Corp’s investment portfolio, making the stock its 15th largest holding. Equity Investment Corp’s holdings in Target were worth $116,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after acquiring an additional 6,607,982 shares during the last quarter. State Street Corp grew its holdings in Target by 4.3% during the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after purchasing an additional 1,529,026 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Target by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock valued at $1,602,825,000 after purchasing an additional 277,176 shares during the period. Norges Bank bought a new stake in Target in the second quarter valued at approximately $578,009,000. Finally, Invesco Ltd. raised its holdings in Target by 9.6% in the second quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock worth $350,146,000 after purchasing an additional 310,205 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TGT shares. DA Davidson set a $120.00 price target on shares of Target in a report on Monday, January 12th. Mizuho decreased their target price on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. TD Cowen dropped their price target on Target from $105.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. Citigroup decreased their price objective on Target from $100.00 to $89.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, Sanford C. Bernstein lowered their target price on Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research note on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $103.21.

Key Headlines Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Long-term buy thesis highlighted: Seeking Alpha argues Target is “under pressure, not overvalued,” noting low valuation multiples, a ~4%+ dividend yield and a long dividend-growth streak — factors that can attract income-focused and value investors. Target Is Under Pressure, Not Overvalued
• Positive Sentiment: Sell-side / peer upgrades: Wolfe raised Target to Peer Perform (InsiderMonkey summary), citing improved operational signals and a better risk/reward profile — upgrades can spur buying from funds watching analyst momentum. Target (TGT) Upgraded as Risk-Reward Improves
• Positive Sentiment: Institutional accumulation: Filings show AlphaQuest and other funds adding positions, signaling demand from institutional investors which can support the stock near-term. AlphaQuest LLC Takes Position in Target Corporation $TGT
• Neutral Sentiment: Today’s price outperformance versus a weaker market: coverage noting TGT “rose as market took a dip” suggests part of the move is relative strength rather than new company-specific catalysts. Target (TGT) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Retail interest & earnings-watch: Zacks mentions TGT as a trending ticker and highlights Earnings ESP tools for spotting potential beats — increased searches and expectations can boost volume but aren’t conclusive catalysts. Here is What to Know Beyond Why Target Corporation (TGT) is a Trending Stock
• Negative Sentiment: Analyst price-targets and outlook still constrain upside: Evercore raised its target to $100 but kept an “in-line” rating — that PT implies downside from current levels and could cap enthusiasm among growth/secular investors. Benzinga: Evercore ISI price target note
• Negative Sentiment: Operational challenges and mixed analyst views persist: coverage (Investopedia, MarketBeat summaries) highlights Target’s recent sales softness, grocery/discretionary pressures and a majority of analysts at Hold with an average 12‑month PT below the current price — fundamental risks that could pressure the stock if execution stalls. For the New Walmart and Target CEOs, It’s ‘Continuation’ vs. ‘Reinvention’

Target Stock Performance

Shares of TGT stock opened at $111.31 on Wednesday. The company’s fifty day simple moving average is $100.30 and its 200-day simple moving average is $96.39. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The firm has a market cap of $50.40 billion, a PE ratio of 13.51, a P/E/G ratio of 11.23 and a beta of 1.14. Target Corporation has a 12 month low of $83.44 and a 12 month high of $137.05.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter last year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.1%. Target’s payout ratio is currently 55.34%.

Target 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.