Groupama Asset Managment Buys New Holdings in Target Corporation $TGT

Groupama Asset Managment purchased a new position in shares of Target Corporation (NYSE:TGT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,502 shares of the retailer’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new stake in Target in the second quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Target during the third quarter worth approximately $27,000. Tripletail Wealth Management LLC bought a new position in shares of Target in the 3rd quarter worth $31,000. Key Financial Inc grew its position in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after purchasing an additional 151 shares during the period. Finally, Vermillion & White Wealth Management Group LLC grew its position in Target by 220.0% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 368 shares of the retailer’s stock valued at $36,000 after purchasing an additional 253 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction on Tuesday, March 17th. The stock was 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 in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Target Price Performance

Target stock opened at $113.03 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $126.00. The company’s 50 day moving average price is $113.12 and its two-hundred day moving average price is $99.68. The stock has a market cap of $51.19 billion, a P/E ratio of 13.90, a P/E/G ratio of 4.71 and a beta of 1.12. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. Target’s dividend payout ratio (DPR) is currently 56.09%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. UBS Group lifted their price objective on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Guggenheim boosted their target price on shares of Target from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Wells Fargo & Company upped their target price on shares of Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Bank of America initiated coverage on shares of Target in a research report on Friday, February 27th. They issued an “underperform” rating and a $103.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $116.32.

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.