Baird Financial Group Inc. Acquires 80,646 Shares of Target Corporation $TGT

Baird Financial Group Inc. raised its holdings in Target Corporation (NYSE:TGT - Free Report) by 39.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,805 shares of the retailer's stock after purchasing an additional 80,646 shares during the period. Baird Financial Group Inc. owned approximately 0.06% of Target worth $37,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after acquiring an additional 3,059 shares during the period. Woodline Partners LP increased its position in shares of Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer's stock worth $4,040,000 after purchasing an additional 11,047 shares during the period. NewEdge Advisors LLC increased its position in shares of Target by 22.8% in the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer's stock worth $6,872,000 after purchasing an additional 12,948 shares during the period. Sei Investments Co. raised its stake in Target by 8.0% in the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer's stock valued at $18,832,000 after purchasing an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Target by 11.0% in the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer's stock valued at $26,910,000 after purchasing an additional 27,063 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Buying and Selling at Target

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 56,981 shares of the company's stock, valued at $9,684,490.76. This represents a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares of the company's stock, valued at $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company's stock.

Target Price Performance

TGT stock opened at $155.86 on Friday. The stock has a market cap of $70.81 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 2.93 and a beta of 0.99. 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 company has a 50 day simple moving average of $149.15 and a 200 day simple moving average of $132.92. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts anticipate that Target Corporation will post 8.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TGT shares. Oppenheimer increased their price objective on shares of Target from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Freedom Capital cut shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Telsey Advisory Group upped their price target on shares of Target from $170.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Wall Street Zen upgraded shares of Target from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 5th. Finally, Deutsche Bank Aktiengesellschaft set a $150.00 price target on shares of Target in a research report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $159.52.

Target Profile

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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