Czech National Bank Has $16.89 Million Holdings in Target Corporation $TGT

Czech National Bank lifted its holdings in Target Corporation (NYSE:TGT) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,276 shares of the retailer’s stock after purchasing an additional 5,956 shares during the quarter. Czech National Bank’s holdings in Target were worth $16,885,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TGT. Vanguard Group Inc. boosted its stake in shares of Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares during the last quarter. State Street Corp increased its position in shares of Target by 0.3% in the fourth quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after acquiring an additional 124,468 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Target by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after acquiring an additional 561,898 shares in the last quarter. Franklin Resources Inc. raised its holdings in Target by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after acquiring an additional 142,937 shares in the last quarter. Finally, Norges Bank acquired a new position in Target during the fourth quarter valued at approximately $587,903,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were 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 directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Target Stock Performance

TGT opened at $149.50 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a 12-month low of $83.44 and a 12-month high of $150.07. The business has a 50 day moving average of $135.01 and a 200-day moving average of $124.54. The stock has a market cap of $67.90 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.88 and a beta of 0.97.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share 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 for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the previous year, the firm earned $1.30 EPS. The firm’s 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. On average, equities research analysts expect that Target Corporation will post 8.32 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.1%. Target’s dividend payout ratio (DPR) is currently 60.24%.

Analysts Set New Price Targets

TGT has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. Roth Capital reissued a “neutral” rating and issued a $114.00 price objective on shares of Target in a report on Friday, May 22nd. Evercore set a $150.00 target price on shares of Target in a research note on Tuesday. Guggenheim boosted their target price on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada upped their price target on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $136.89.

Target Company 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.