PensionDanmark Pensionsforsikringsaktieselskab Purchases 17,005 Shares of Target Corporation $TGT

PensionDanmark Pensionsforsikringsaktieselskab raised its position in Target Corporation (NYSE:TGT) by 42.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,146 shares of the retailer’s stock after buying an additional 17,005 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Target were worth $7,464,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in shares of Target by 16.0% in the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after acquiring an additional 80 shares in the last quarter. Prosperity Consulting Group LLC raised its stake in Target by 3.4% in the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after purchasing an additional 81 shares in the last quarter. Versant Capital Management Inc raised its stake in Target by 3.4% in the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after purchasing an additional 82 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in Target by 3.1% in the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock valued at $358,000 after purchasing an additional 90 shares during the period. Finally, Crawford Investment Counsel Inc. boosted its holdings in Target by 0.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TGT. Wells Fargo & Company increased their target price on shares of Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Roth Capital restated a “neutral” rating and set a $114.00 price objective on shares of Target in a research note on Friday, May 22nd. Finally, Citigroup lifted their price objective on Target from $133.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $136.89.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Target Stock Performance

Target stock 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. The stock has a market cap of $67.90 billion, a PE ratio of 19.75, a P/E/G ratio of 2.94 and a beta of 0.97. Target Corporation has a 12-month low of $83.44 and a 12-month high of $150.07. The business’s 50-day moving average price is $135.01 and its two-hundred day moving average price is $124.54.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for 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 firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts expect that Target Corporation will post 8.32 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. Target’s payout ratio is presently 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.