Danske Bank A S Increases Position in Target Corporation $TGT

Danske Bank A S lifted its stake in Target Corporation (NYSE:TGT) by 30.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,489 shares of the retailer’s stock after purchasing an additional 74,686 shares during the period. Danske Bank A S’s holdings in Target were worth $41,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WFA of San Diego LLC purchased a new position in Target in the second quarter valued at about $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Target during the 4th quarter worth approximately $26,000. MidFirst Bank acquired a new stake in shares of Target in the 4th quarter worth approximately $31,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after acquiring an additional 194 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated Friday, May 29th. The stock was 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 in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TGT shares. Oppenheimer lifted their price objective on Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on Target from $153.00 to $166.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Guggenheim raised their price target on Target from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of Target in a research report on Friday, July 31st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.33.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Q2 results exceeded expectations: Target reported $26.54 billion in sales, up 5.3% year over year and above the $26.13 billion consensus estimate. Reported EPS was $4.11 versus expectations of $2.35, while comparable sales rose 3.8% and comparable traffic increased 3.6%. Target Corporation Reports Second Quarter Earnings
• Positive Sentiment: Full-year guidance was raised: Target now expects fiscal 2026 EPS of $9.90 to $10.90, well above the previous outlook and the roughly $7.72 analyst consensus cited in the reports. Management also lifted its annual sales outlook, projecting approximately 5% growth. Target lifts annual forecasts again
• Positive Sentiment: Profitability received a major boost: A nearly $1 billion tariff refund materially benefited quarterly earnings, helping Target deliver a substantial EPS beat. Investors also welcomed signs that pricing actions, refreshed categories and digital initiatives are improving demand. Target rises on Q2 beat and outlook
• Positive Sentiment: Digital discovery is expanding: Target said traffic from artificial-intelligence platforms is growing, adding another potential source of online customer acquisition as overall digital and store traffic improve. Target touts AI-driven traffic growth

Target Trading Up 4.3%

Shares of Target stock opened at $159.11 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 1 year low of $83.44 and a 1 year high of $161.98. The company has a market capitalization of $72.27 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.47 and a beta of 0.97. The business has a 50 day moving average price of $139.71 and a 200 day moving average price of $127.38.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.15 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.Target’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts anticipate that Target Corporation will post 8.43 EPS for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.16 dividend. 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 2.9%. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is currently 61.29%.

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.