Ilmarinen Mutual Pension Insurance Co Buys 11,500 Shares of Target Corporation $TGT

Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Target Corporation (NYSE:TGT) by 18.9% in the fourth quarter, HoldingsChannel reports. The firm owned 72,500 shares of the retailer’s stock after acquiring an additional 11,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Target were worth $7,087,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after purchasing an additional 286,499 shares in the last quarter. State Street Corp increased its holdings in Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after purchasing an additional 911,964 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Target by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after purchasing an additional 122,300 shares in the last quarter. Invesco Ltd. increased its holdings in Target by 10.2% during the 3rd quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after purchasing an additional 360,781 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Target by 0.8% during the 3rd quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock valued at $296,884,000 after purchasing an additional 25,989 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 0.2%

TGT stock opened at $128.59 on Friday. The company has a market cap of $58.40 billion, a P/E ratio of 16.99, a PEG ratio of 2.51 and a beta of 1.01. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. 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 business has a fifty day moving average of $123.31 and a 200-day moving average of $110.76.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Target’s payout ratio is 60.24%.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TGT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 price target on shares of Target in a report on Friday, May 15th. Royal Bank Of Canada raised their price target on Target from $132.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. BNP Paribas Exane raised their price target on Target from $63.00 to $88.00 and gave the company an “underperform” rating in a report on Wednesday, March 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Finally, Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $125.93.

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.