Danske Bank A S Increases Stock Position in Target Corporation $TGT

Danske Bank A S grew its position in shares of Target Corporation (NYSE:TGT - Free Report) by 30.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 316,489 shares of the retailer's stock after purchasing an additional 74,686 shares during the quarter. Danske Bank A S owned approximately 0.07% of Target worth $41,337,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC boosted its position in shares of Target by 168.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,321 shares of the retailer's stock valued at $606,000 after purchasing an additional 2,712 shares during the period. Oxbow Advisors LLC purchased a new stake in Target in the second quarter valued at approximately $515,000. Wealthfront Advisers LLC acquired a new stake in shares of Target in the second quarter valued at approximately $14,767,000. Foster & Motley Inc. purchased a new position in shares of Target during the second quarter worth approximately $5,717,000. Finally, Main Street Financial Solutions LLC grew its position in shares of Target by 2.9% during the second quarter. Main Street Financial Solutions LLC now owns 4,789 shares of the retailer's stock worth $625,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Q2 results exceeded expectations: Target reported $26.54 billion in sales, up 5.3% year over year and above the $26.13 billion consensus estimate. Reported EPS was $4.11 versus expectations of $2.35, while comparable sales rose 3.8% and comparable traffic increased 3.6%. Target Corporation Reports Second Quarter Earnings
• Positive Sentiment: Full-year guidance was raised: Target now expects fiscal 2026 EPS of $9.90 to $10.90, well above the previous outlook and the roughly $7.72 analyst consensus cited in the reports. Management also lifted its annual sales outlook, projecting approximately 5% growth. Target lifts annual forecasts again
• Positive Sentiment: Profitability received a major boost: A nearly $1 billion tariff refund materially benefited quarterly earnings, helping Target deliver a substantial EPS beat. Investors also welcomed signs that pricing actions, refreshed categories and digital initiatives are improving demand. Target rises on Q2 beat and outlook
• Positive Sentiment: Digital discovery is expanding: Target said traffic from artificial-intelligence platforms is growing, adding another potential source of online customer acquisition as overall digital and store traffic improve. Target touts AI-driven traffic growth

Analyst Ratings Changes

Several analysts recently commented on the stock. Oppenheimer upped their price target on shares of Target from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on shares of Target from $129.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Target in a report on Friday, July 31st. Robert W. Baird boosted their price target on Target from $125.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 21st. Finally, Zacks Research raised Target from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Target presently has an average rating of "Hold" and an average price target of $145.33.

Target Stock Up 4.3%

TGT stock opened at $159.11 on Thursday. Target Corporation has a one year low of $83.44 and a one year high of $161.98. The stock has a market capitalization of $72.27 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The company has a fifty day moving average of $139.71 and a 200-day moving average of $127.38.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.15 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts expect that Target Corporation will post 8.43 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target's previous quarterly dividend of $1.14. Target's payout ratio is presently 61.29%.

Insider Transactions at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares of the company's stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

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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