Eurizon Capital SGR S.p.A. Takes $22.74 Million Position in Target Corporation $TGT

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Target Corporation (NYSE:TGT) during the fourth quarter, Holdings Channel.com reports. The firm purchased 233,225 shares of the retailer’s stock, valued at approximately $22,736,000.

A number of other large investors have also made changes to their positions in the company. Valtinson Bruner Financial Planning LLC raised its holdings in shares of Target by 2.6% during the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after acquiring an additional 92 shares during the period. Auxano Advisors LLC raised its holdings in shares of Target by 3.0% during the fourth quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after acquiring an additional 93 shares during the period. Neumann Capital Management LLC raised its holdings in shares of Target by 0.8% during the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after acquiring an additional 100 shares during the period. Binnacle Investments Inc raised its holdings in shares of Target by 11.4% during the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after acquiring an additional 104 shares during the period. Finally, Mission Wealth Management LP raised its holdings in shares of Target by 1.6% during the fourth quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer’s stock valued at $678,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TGT shares. Morgan Stanley boosted their price target on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Wells Fargo & Company boosted their price target on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Telsey Advisory Group upped their price objective on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Target from $112.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $125.93.

Target Stock Down 1.1%

Target stock opened at $127.25 on Friday. The firm has a market cap of $57.80 billion, a PE ratio of 16.81, a P/E/G ratio of 2.48 and a beta of 1.01. 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’s 50 day moving average price is $123.56 and its two-hundred day moving average price is $110.87. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10.

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. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The company’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. On average, research analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Announces Dividend

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