Robeco Institutional Asset Management B.V. Buys 138,061 Shares of Target Corporation $TGT

Robeco Institutional Asset Management B.V. increased its position in shares of Target Corporation (NYSE:TGT) by 11.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,300,681 shares of the retailer’s stock after buying an additional 138,061 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Target were worth $203,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. BlackRock Inc. bought a new position in Target during the 2nd quarter valued at $5,054,604,000. Bank of New York Mellon Corp acquired a new stake in shares of Target in the second quarter valued at $831,466,000. Dimensional Fund Advisors LP lifted its holdings in shares of Target by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after buying an additional 411,608 shares during the period. Bank of America Corp DE boosted its stake in Target by 1.8% during the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after buying an additional 82,268 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Target by 12.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock valued at $589,642,000 after buying an additional 514,155 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In related news, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TGT shares. Robert W. Baird set a $170.00 target price on shares of Target in a report on Thursday, August 20th. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a report on Friday, September 25th. Barclays raised their target price on shares of Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday, August 19th. Telsey Advisory Group lifted their price target on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Finally, Evercore set a $165.00 price target on Target in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $159.33.

Target Stock Up 0.5%

Shares of NYSE:TGT opened at $154.08 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The company has a market cap of $70.00 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75. The firm has a 50 day simple moving average of $157.82 and a 200 day simple moving average of $140.51.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the business posted $2.05 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts expect that Target Corporation will post 8.89 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target’s dividend payout ratio is presently 48.18%.

Target Company Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.