Target Corporation $TGT Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its position in Target Corporation (NYSE:TGT) by 105.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,776 shares of the retailer’s stock after buying an additional 10,163 shares during the period. J. Safra Sarasin Holding AG’s holdings in Target were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Target in the 4th quarter worth $587,903,000. TOMS Capital Investment Management LP purchased a new position in Target during the fourth quarter worth about $257,571,000. AQR Capital Management LLC raised its holdings in Target by 243.8% during the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after purchasing an additional 2,035,298 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Target by 6,639.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock valued at $186,992,000 after purchasing an additional 1,884,577 shares during the period. Finally, Marshall Wace LLP lifted its position in Target by 104.7% in the fourth quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock valued at $6,403,000 after purchasing an additional 1,448,146 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Target Stock Down 0.2%

Target stock opened at $134.94 on Tuesday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $142.82. The firm has a market capitalization of $61.29 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.98. The stock’s fifty day moving average is $128.51 and its two-hundred day moving average is $119.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 3.4%. Target’s dividend payout ratio (DPR) is presently 60.24%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TGT shares. Wall Street Zen upgraded Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Evercore set a $130.00 price target on Target in a report on Monday, May 18th. Wolfe Research raised Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective on the stock in a report on Tuesday, June 23rd. DA Davidson increased their price objective on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Citigroup boosted their target price on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $130.64.

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.