Target Corporation $TGT Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in shares of Target Corporation (NYSE:TGT) by 90.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,327 shares of the retailer’s stock after selling 414,252 shares during the period. Assenagon Asset Management S.A.’s holdings in Target were worth $5,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TGT. WFA of San Diego LLC acquired a new stake in Target in the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Target in the 4th quarter worth approximately $26,000. Global Wealth Strategies & Associates raised its holdings in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in Target during the fourth quarter valued at approximately $30,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TGT shares. Wells Fargo & Company raised their target price on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $123.00 price objective on shares of Target in a research report on Friday, May 15th. Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. UBS Group lifted their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, Oppenheimer boosted their target price on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus price target of $130.64.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Target Stock Down 4.7%

Target stock opened at $133.81 on Tuesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $142.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The firm has a market cap of $60.78 billion, a PE ratio of 17.68, a P/E/G ratio of 2.74 and a beta of 1.00. The firm’s 50 day moving average price is $128.20 and its two-hundred day moving average price is $117.04.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business posted $1.30 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, 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 paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.5%. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio is presently 61.29%.

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.