Assenagon Asset Management S.A. Has $8.93 Million Holdings in Target Corporation $TGT

Key Points

• Assenagon Asset Management increased its Target stake by 65.5% in the second quarter, acquiring 27,067 additional shares for a total position worth $8.93 million. Institutional investors own approximately 79.73% of Target.
• Target reported quarterly EPS of $1.71, surpassing estimates of $1.47, while revenue rose 6.7% year over year to $25.44 billion. The company projects fiscal 2026 EPS of $7.50–$8.50.
• Target raised its quarterly dividend to $1.16 per share, equivalent to an annualized $4.64 payout and a 3.0% yield. Despite several recent analyst upgrades, the consensus rating remains “Hold,” with an average price target of $138.74.

Assenagon Asset Management S.A. boosted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 65.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,394 shares of the retailer's stock after acquiring an additional 27,067 shares during the period. Assenagon Asset Management S.A.'s holdings in Target were worth $8,933,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in shares of Target during the second quarter valued at about $25,000. Jessup Wealth Management Inc bought a new stake in shares of Target in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Target during the 4th quarter worth approximately $30,000. Finally, MidFirst Bank acquired a new stake in shares of Target during the 4th quarter worth approximately $31,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of NYSE:TGT opened at $152.41 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. Target Corporation has a 1-year low of $83.44 and a 1-year high of $154.89. The stock has a market capitalization of $69.22 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.98 and a beta of 0.97. The business has a 50-day moving average price of $136.16 and a two-hundred day moving average price of $125.27.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same quarter last year, the firm earned $1.30 EPS. The company's revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts predict that Target Corporation will post 8.32 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is an increase from Target's previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target's dividend payout ratio (DPR) is currently 60.24%.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TGT shares. Guggenheim increased their target price on Target from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Zacks Research raised Target from a "hold" rating to a "strong-buy" rating in a report on Monday, July 13th. DA Davidson upped their price target on shares of Target from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Royal Bank Of Canada increased their price objective on shares of Target from $132.00 to $153.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Finally, Argus set a $150.00 price objective on shares of Target in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Target has a consensus rating of "Hold" and an average price target of $138.74.

Target 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.

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