281,020 Shares in Target Corporation $TGT Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd bought 281,020 shares of Target in the fourth quarter, a position valued at about $27.47 million, giving it 0.06% ownership of the retailer.
• Target recently reported better-than-expected quarterly results, with EPS of $1.71 versus estimates of $1.47 and revenue of $25.44 billion, up 6.7% year over year.
• Analysts are mixed on the stock: the consensus rating is Hold with an average price target of $125.93, while Target also announced a quarterly dividend of $1.14 per share.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Target Corporation (NYSE:TGT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 281,020 shares of the retailer's stock, valued at approximately $27,470,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.06% of Target as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TGT. WFA of San Diego LLC bought a new position in Target in the 2nd quarter worth $25,000. Global Wealth Strategies & Associates raised its holdings in Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer's stock worth $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC bought a new position in Target in the 4th quarter worth $30,000. Key Financial Inc raised its holdings in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer's stock worth $31,000 after purchasing an additional 151 shares during the period. Finally, True Wealth Design LLC raised its holdings in Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer's stock worth $35,000 after purchasing an additional 223 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TGT. Mizuho set a $120.00 price target on Target in a report on Thursday, March 5th. Argus set a $150.00 price target on Target in a report on Friday, May 22nd. Robert W. Baird raised their price target on Target from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, May 21st. DA Davidson raised their price target on Target from $140.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Finally, Morgan Stanley raised their price target on Target from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have given 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 an average rating of "Hold" and an average price target of $125.93.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Target Trading Up 0.2%

Shares of Target stock opened at $128.59 on Friday. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.51 and a beta of 1.01. The business has a 50-day moving average price of $123.31 and a 200-day moving average price of $110.76. 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 twelve month low of $83.44 and a twelve month high of $133.10.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.5%. Target's dividend payout ratio (DPR) is currently 60.24%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.