Jupiter Topco LLC Makes New $320.01 Million Investment in Target Corporation $TGT

Key Points

• Jupiter Topco LLC acquired 2.45 million Target shares worth approximately $320 million during the second quarter, representing about 0.54% of the retailer.
• Target exceeded quarterly expectations, reporting $4.11 EPS on $26.54 billion in revenue, while revenue rose 5.3% year over year. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Analysts maintain a consensus “Hold” rating with an average price target of $159.52, while Target raised its quarterly dividend to $1.16 per share, producing a 2.8% yield.

Jupiter Topco LLC purchased a new stake in Target Corporation (NYSE:TGT - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,450,125 shares of the retailer's stock, valued at approximately $320,006,000. Jupiter Topco LLC owned approximately 0.54% of Target at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. EFG International AG grew its position in shares of Target by 227.0% during the second quarter. EFG International AG now owns 31,597 shares of the retailer's stock worth $4,126,000 after buying an additional 21,935 shares in the last quarter. Nicholas Investment Partners LP raised its holdings in Target by 204.3% in the second quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer's stock valued at $7,204,000 after acquiring an additional 37,030 shares in the last quarter. Kinloch Capital LLC raised its holdings in Target by 25.2% in the second quarter. Kinloch Capital LLC now owns 42,510 shares of the retailer's stock valued at $5,552,000 after acquiring an additional 8,554 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Target by 2.2% in the second quarter. Jones Financial Companies Lllp now owns 342,773 shares of the retailer's stock worth $48,051,000 after acquiring an additional 7,529 shares during the last quarter. Finally, Fiduciary Financial Advisors purchased a new position in Target in the second quarter worth approximately $71,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Target from $129.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Target in a research report on Friday, July 31st. KeyCorp reiterated a "sector weight" rating on shares of Target in a research note on Thursday, August 20th. The Goldman Sachs Group increased their target price on Target from $127.00 to $161.00 and gave the company a "neutral" rating in a report on Thursday, August 20th. Finally, BMO Capital Markets raised their price target on Target from $150.00 to $160.00 and gave the company a "market perform" rating in a research note on Thursday, August 20th. Eleven 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. According to data from MarketBeat, Target currently has an average rating of "Hold" and a consensus price target of $159.52.

Insider Activity

In other news, CAO Matthew A. Liegel sold 926 shares of the business's 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 completion of the sale, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cara A. Sylvester sold 10,000 shares of the company'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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company's stock.

Target Stock Down 3.9%

TGT stock opened at $163.20 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The company's 50 day moving average is $142.15 and its two-hundred day moving average is $128.90. The stock has a market cap of $74.12 billion, a P/E ratio of 16.95, a PEG ratio of 3.15 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The business 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 company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts expect that Target Corporation will post 8.88 earnings per share for the current fiscal 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 paid a $1.16 dividend. This is a boost from Target's previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, August 12th. Target's payout ratio is currently 48.18%.

About Target

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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