Target Corporation $TGT Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in Target Corporation (NYSE:TGT) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,501,818 shares of the retailer’s stock after purchasing an additional 93,313 shares during the period. Nordea Investment Management AB’s holdings in Target were worth $244,303,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TGT. Vanguard Group Inc. raised its position in shares of Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares during the last quarter. Norges Bank acquired a new stake in Target during the second quarter worth approximately $578,009,000. State Street Corp grew its stake in Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after acquiring an additional 1,529,026 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Target by 133.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after acquiring an additional 1,273,129 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Target by 96.1% in the 2nd quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer’s stock valued at $213,616,000 after acquiring an additional 1,060,885 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TGT shares. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $110.00 to $145.00 in a research note on Wednesday, March 4th. The Goldman Sachs Group upped their target price on Target from $91.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Mizuho set a $120.00 target price on Target in a research report on Thursday, March 5th. UBS Group raised their price target on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Citigroup lifted their price target on Target from $110.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.32.

Target Trading Down 1.3%

TGT stock opened at $113.03 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market cap of $51.19 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 4.71 and a beta of 1.12. The business has a fifty day simple moving average of $113.12 and a 200-day simple moving average of $99.73. Target Corporation has a 52 week low of $83.44 and a 52 week high of $126.00.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. 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 research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

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

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

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.