Target Corporation $TGT Shares Acquired by DNB Asset Management AS

DNB Asset Management AS lifted its holdings in shares of Target Corporation (NYSE:TGT) by 99.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,423 shares of the retailer’s stock after purchasing an additional 83,979 shares during the quarter. DNB Asset Management AS’s holdings in Target were worth $16,463,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TGT. First Trust Advisors LP raised its holdings in Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after acquiring an additional 124,371 shares in the last quarter. LJI Wealth Management LLC raised its holdings in Target by 446.4% during the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after purchasing an additional 19,474 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Target by 15.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after purchasing an additional 45,803 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in Target during the third quarter worth approximately $8,694,000. Finally, Mather Group LLC. raised its holdings in Target by 7.5% during the fourth quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after purchasing an additional 10,839 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TGT shares. Bank of America began coverage on shares of Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective on the stock. Barclays raised their target price on shares of Target from $108.00 to $115.00 and gave the stock an “underweight” rating in a research report on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a $132.00 target price on shares of Target in a research report on Friday, May 8th. Evercore set a $125.00 target price on shares of Target in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $119.75.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s 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 sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $121.40 on Friday. The firm’s fifty day moving average price is $122.00 and its 200 day moving average price is $108.56. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The firm has a market cap of $55.14 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same period last year, the firm posted $2.41 EPS. Target’s quarterly revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts expect that Target Corporation will post 8.02 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

Target 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.