Caisse de depot et placement du Quebec Has $81.89 Million Stake in Target Corporation $TGT

Caisse de depot et placement du Quebec decreased its holdings in Target Corporation (NYSE:TGT - Free Report) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 626,977 shares of the retailer's stock after selling 179,315 shares during the quarter. Caisse de depot et placement du Quebec owned approximately 0.14% of Target worth $81,889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TGT. WFA of San Diego LLC acquired a new position in shares of Target during the second quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new position in Target in the 2nd quarter worth approximately $26,000. Finally, MidFirst Bank bought a new position in Target in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the 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 transaction, the chief accounting officer owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction dated Monday, August 24th. The shares were 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 directly owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on TGT shares. Wells Fargo & Company increased their price objective on Target from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. Jefferies Financial Group boosted their target price on Target from $161.00 to $177.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Royal Bank Of Canada upped their price target on Target from $166.00 to $178.00 and gave the company an "outperform" rating in a research note on Thursday, August 20th. TD Cowen raised their price target on Target from $155.00 to $160.00 and gave the company a "hold" rating in a report on Thursday, August 20th. Finally, Freedom Capital lowered Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $159.52.

Target Price Performance

Shares of TGT stock opened at $165.80 on Friday. The firm's 50 day moving average price is $143.57 and its two-hundred day moving average price is $129.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The stock has a market cap of $75.30 billion, a PE ratio of 17.22, a PEG ratio of 3.06 and a beta of 0.97.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts forecast that Target Corporation will post 8.84 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, August 12th. Target's dividend payout ratio is currently 48.18%.

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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