BI Asset Management Fondsmaeglerselskab A S Buys 46,228 Shares of Target Corporation $TGT

Key Points

• BI Asset Management Fondsmaeglerselskab A S more than doubled its Target stake in Q1, buying 46,228 additional shares to bring its total holding to 86,333 shares worth about $10.46 million.
• Target reported strong quarterly results, with earnings of $1.71 per share and revenue of $25.44 billion, both ahead of analyst expectations. The company also raised its FY2026 EPS guidance to 7.50-8.50.
• Target increased its quarterly dividend to $1.16 per share from $1.14, implying an annualized payout of $4.64 and a yield of about 3.5%.

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 115.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,333 shares of the retailer's stock after buying an additional 46,228 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Target were worth $10,464,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Crawford Investment Counsel Inc. grew its position in Target by 0.4% during the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer's stock valued at $1,971,000 after acquiring an additional 90 shares during the last quarter. Valtinson Bruner Financial Planning LLC lifted its stake in Target by 2.6% in the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer's stock worth $352,000 after purchasing an additional 92 shares during the last quarter. Auxano Advisors LLC lifted its stake in Target by 3.0% in the fourth quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer's stock worth $312,000 after purchasing an additional 93 shares during the last quarter. Neumann Capital Management LLC boosted its position in Target by 0.8% during the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer's stock valued at $1,298,000 after buying an additional 100 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its position in Target by 1.1% during the fourth quarter. Ausdal Financial Partners Inc. now owns 9,209 shares of the retailer's stock valued at $900,000 after buying an additional 102 shares during the period. 79.73% of the stock is owned by institutional investors.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares of the company's stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TGT shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $123.00 price objective on shares of Target in a report on Friday, May 15th. DA Davidson raised their price target on Target from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Target in a research note on Monday, June 15th. BMO Capital Markets boosted their price objective on Target from $105.00 to $130.00 and gave the company a "market perform" rating in a research report on Wednesday, March 4th. Finally, Roth Mkm reissued a "neutral" rating and set a $114.00 price objective on shares of Target in a research note on Friday, May 22nd. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $126.11.

Target Trading Up 0.1%

TGT opened at $130.82 on Monday. The business has a 50 day simple moving average of $126.43 and a two-hundred day simple moving average of $115.16. The firm has a market capitalization of $59.42 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a one year low of $83.44 and a one year high of $137.87.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for 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 business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This is a boost from Target's previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.5%. Target's dividend payout ratio (DPR) is currently 60.24%.

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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