Fideuram Asset Management Ireland dac Takes $629,000 Position in Target Corporation $TGT

Fideuram Asset Management Ireland dac bought a new stake in Target Corporation (NYSE:TGT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,438 shares of the retailer’s stock, valued at approximately $629,000.

Several other large investors have also modified their holdings of TGT. Brighton Jones LLC boosted its stake in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP boosted its stake in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares during the period. NewEdge Advisors LLC boosted its stake in Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after purchasing an additional 12,948 shares during the period. Sei Investments Co. boosted its stake in Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after purchasing an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in Target by 11.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after purchasing an additional 27,063 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $127.25 on Friday. The company has a 50-day simple moving average of $123.56 and a 200-day simple moving average of $110.87. 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 capitalization of $57.80 billion, a PE ratio of 16.81, a P/E/G ratio of 2.48 and a beta of 1.01. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10.

Target (NYSE:TGT) last announced its quarterly 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. The business had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is 60.24%.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were 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 directly 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Oppenheimer increased their price target on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Citigroup increased their price target on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Freedom Capital downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $125.93.

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.