BI Asset Management Fondsmaeglerselskab A S Lowers Holdings in Target Corporation $TGT

BI Asset Management Fondsmaeglerselskab A S decreased its position in Target Corporation (NYSE:TGT) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,105 shares of the retailer’s stock after selling 33,939 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Target were worth $3,920,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TGT. Vanguard Group Inc. raised its stake in Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after buying an additional 6,481,560 shares in the last quarter. Norges Bank bought a new position in Target in the fourth quarter worth approximately $587,903,000. State Street Corp raised its stake in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after buying an additional 911,964 shares in the last quarter. Amundi raised its stake in Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock worth $170,278,000 after buying an additional 533,416 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Target by 17.1% in the second quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock worth $311,911,000 after buying an additional 461,495 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target 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 transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Target Price Performance

NYSE TGT opened at $122.52 on Monday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The company has a market cap of $55.65 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The stock’s fifty day moving average price is $124.43 and its 200 day moving average price is $112.18.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same period last year, the firm posted $1.30 EPS. Target’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. As a group, equities research analysts forecast that Target Corporation will post 8.35 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.14 per share. The ex-dividend date was Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. Target’s dividend payout ratio (DPR) is presently 60.24%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TGT. Piper Sandler upped their price target on Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Argus set a $150.00 price target on Target in a research report on Friday, May 22nd. Wells Fargo & Company upped their price target on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. BMO Capital Markets upped their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $114.00 price target on shares of Target in a research report on Friday, May 22nd. 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. Based on data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $125.93.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research raised Target’s earnings estimates for FY2027, FY2028, and FY2029, signaling stronger expected profitability over the next several years. Target Corporation (NYSE:TGT)
• Positive Sentiment: The firm also increased quarterly EPS estimates for Q1 2028, Q1 2029, Q2 2028, and Q3 2028, which may reassure investors that earnings momentum is improving beyond the current year. Target Corporation (NYSE:TGT)
• Neutral Sentiment: Target is trending on Zacks.com and Yahoo Finance, suggesting elevated investor interest, but those items do not add new fundamental news by themselves. Is Trending Stock Target Corporation (TGT) a Buy Now?
• Neutral Sentiment: Current full-year EPS consensus remains at $8.35, so the revisions are supportive but not yet a major reset to near-term expectations. Is Trending Stock Target Corporation (TGT) a Buy Now?
• Negative Sentiment: Zacks also trimmed some estimates, including Q4 2027 EPS, showing that the outlook is not uniformly improving across all time periods. Target Corporation (NYSE:TGT)

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.