Andra AP fonden Makes New $8.27 Million Investment in Target Corporation $TGT

Key Points

• Andra AP fonden purchased 63,300 Target shares worth approximately $8.27 million in the second quarter, while institutional investors collectively own 79.73% of the company.
• Analyst sentiment remains mixed, with Target holding an average “Hold” rating and an average price target of $159.52; ratings include 11 Buys, 18 Holds, and three Sells.
• Target reported quarterly EPS of $4.11, substantially above the $2.35 consensus estimate, while revenue rose 5.3% year over year to $26.54 billion.

Andra AP fonden purchased a new stake in shares of Target Corporation (NYSE:TGT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 63,300 shares of the retailer's stock, valued at approximately $8,268,000.

Other institutional investors have also added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA purchased a new stake in Target in the 2nd quarter valued at about $107,000. Community Bank of Raymore raised its holdings in Target by 14.3% in the second quarter. Community Bank of Raymore now owns 9,940 shares of the retailer's stock worth $1,298,000 after purchasing an additional 1,240 shares in the last quarter. National Pension Service raised its stake in shares of Target by 1.9% during the 2nd quarter. National Pension Service now owns 960,066 shares of the retailer's stock worth $125,394,000 after acquiring an additional 18,284 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Target by 4,119.2% during the 2nd quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer's stock valued at $48,660,000 after purchasing an additional 363,728 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its stake in Target by 1.6% in the second quarter. Cidel Asset Management Inc. now owns 11,693 shares of the retailer's stock valued at $1,527,000 after buying an additional 181 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TGT. Roth Capital reissued a "neutral" rating and set a $142.00 price objective on shares of Target in a report on Thursday, August 20th. BMO Capital Markets boosted their target price on shares of Target from $150.00 to $160.00 and gave the company a "market perform" rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. increased their price target on Target from $129.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Oppenheimer lifted their price target on Target from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded Target from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 5th. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Target presently has an average rating of "Hold" and an average target price of $159.52.

Target Stock Up 0.7%

Shares of NYSE:TGT opened at $158.84 on Wednesday. The firm has a market capitalization of $72.16 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.94 and a beta of 0.99. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The firm's 50-day moving average is $153.26 and its two-hundred day moving average is $135.25.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts predict that Target Corporation will post 8.85 EPS for the current year.

Insiders Place Their Bets

In other Target news, insider Melissa Kremer sold 15,500 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew Liegel sold 926 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by company insiders.

About Target

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.

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