Quantitative Investment Management LLC Invests $1.71 Million in Target Corporation $TGT

Quantitative Investment Management LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,115 shares of the retailer’s stock, valued at approximately $1,714,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aristides Capital LLC bought a new position in shares of Target in the third quarter worth $2,119,000. Invesco Ltd. raised its position in shares of Target by 10.2% in the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock worth $350,742,000 after buying an additional 360,781 shares in the last quarter. Employees Retirement System of Texas boosted its stake in Target by 13.7% during the third quarter. Employees Retirement System of Texas now owns 4,233 shares of the retailer’s stock valued at $380,000 after buying an additional 509 shares during the period. Van ECK Associates Corp boosted its stake in Target by 10.0% during the third quarter. Van ECK Associates Corp now owns 141,761 shares of the retailer’s stock valued at $12,716,000 after buying an additional 12,892 shares during the period. Finally, LifePlan Financial LLC grew its position in Target by 101.4% during the third quarter. LifePlan Financial LLC now owns 8,613 shares of the retailer’s stock worth $773,000 after buying an additional 4,337 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $115.62 on Friday. The stock’s 50-day moving average is $111.69 and its 200 day moving average is $98.84. The stock has a market cap of $52.35 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 5.08 and a beta of 1.12. Target Corporation has a 1-year low of $83.44 and a 1-year high of $126.00. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $2.41 earnings per share. 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 anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.9%. Target’s dividend payout ratio (DPR) is currently 56.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TGT shares. Truist Financial upped their target price on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. DA Davidson boosted their price objective on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Bank of America initiated coverage on shares of Target in a research report on Friday, February 27th. They issued an “underperform” rating and a $103.00 price objective on the stock. BMO Capital Markets raised their target price on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Finally, Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $91.00 to $116.00 in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $116.45.

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.