IFM Investors Pty Ltd Raises Stake in Target Corporation $TGT

IFM Investors Pty Ltd increased its holdings in shares of Target Corporation (NYSE:TGT) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,063 shares of the retailer’s stock after acquiring an additional 9,377 shares during the period. IFM Investors Pty Ltd’s holdings in Target were worth $11,400,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TGT. Weiss Ratings reissued a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. Guggenheim lifted their price target on Target from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. KeyCorp reissued a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Morgan Stanley lifted their target price on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Target in a research note on Friday, June 12th. Twelve research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $130.64.

Target Stock Performance

Shares of NYSE TGT opened at $130.26 on Thursday. The firm’s 50-day moving average price is $128.26 and its 200-day moving average price is $117.53. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The company has a market cap of $59.16 billion, a PE ratio of 17.21, a PEG ratio of 2.55 and a beta of 0.98. Target Corporation has a 52-week low of $83.44 and a 52-week high of $142.82.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts anticipate that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 3.6%. Target’s dividend payout ratio is presently 60.24%.

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.