United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in Target Corporation $TGT

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Target Corporation (NYSE:TGT) in the 4th quarter, HoldingsChannel reports. The fund acquired 281,020 shares of the retailer’s stock, valued at approximately $27,470,000.

Several other institutional investors have also added to or reduced their stakes in TGT. Vanguard Group Inc. lifted its stake in Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after purchasing an additional 6,481,560 shares during the last quarter. State Street Corp lifted its stake in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after purchasing an additional 911,964 shares during the last quarter. Amundi lifted its stake in Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock worth $170,278,000 after purchasing an additional 533,416 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Target by 17.1% during the second quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock worth $311,911,000 after acquiring an additional 461,495 shares during the period. Finally, Caisse de depot et placement du Quebec increased its position in shares of Target by 1,593.8% during the third quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock worth $39,454,000 after acquiring an additional 413,871 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research reports. Royal Bank Of Canada raised their target price 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. Guggenheim reaffirmed a “buy” rating and set a $140.00 target price on shares of Target in a research report on Wednesday, May 20th. Truist Financial lifted their price objective on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. KeyCorp reiterated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Finally, Piper Sandler upped their price objective on Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.93.

Insider Transactions at Target

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

Target Trading Up 0.2%

NYSE:TGT opened at $128.59 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $133.10. The firm has a fifty day simple moving average of $123.31 and a 200-day simple moving average of $110.76. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $58.40 billion, a P/E ratio of 16.99, a PEG ratio of 2.51 and a beta of 1.01.

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

Target Announces Dividend

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 given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.5%. Target’s payout ratio is currently 60.24%.

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.