Korea Investment CORP Reduces Position in Target Corporation $TGT

Key Points

• Korea Investment CORP cut its stake in Target by 23% in Q3, selling 30,388 shares and now holds 101,889 shares valued at about $9.14 million.
• Target beat EPS expectations ($2.44 vs. $2.16) while revenue dipped slightly to $30.45 billion, set FY2026 guidance of 7.5–8.5 EPS, and announced a $1.14 quarterly dividend (annualized $4.56, ~3.8% yield).

Korea Investment CORP reduced its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 23.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,889 shares of the retailer's stock after selling 30,388 shares during the period. Korea Investment CORP's holdings in Target were worth $9,139,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TGT. Brighton Jones LLC increased its holdings in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP lifted its stake in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer's stock valued at $4,040,000 after acquiring an additional 11,047 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Target by 27.1% in the 2nd quarter. Penserra Capital Management LLC now owns 8,559 shares of the retailer's stock valued at $843,000 after acquiring an additional 1,823 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of Target by 61.5% in the second quarter. AE Wealth Management LLC now owns 9,047 shares of the retailer's stock worth $893,000 after acquiring an additional 3,445 shares during the period. Finally, PFG Advisors raised its holdings in shares of Target by 14.2% during the second quarter. PFG Advisors now owns 2,995 shares of the retailer's stock worth $295,000 after purchasing an additional 372 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

NYSE:TGT opened at $118.72 on Thursday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $126.00. The stock's fifty day moving average is $111.33 and its two-hundred day moving average is $98.73. The company has a market capitalization of $53.76 billion, a P/E ratio of 14.60, a P/E/G ratio of 5.21 and a beta of 1.12. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same period last year, the company earned $2.41 EPS. The company's quarterly revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. Target's payout ratio is presently 56.09%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays raised their target price on Target from $91.00 to $108.00 and gave the stock an "underweight" rating in a report on Wednesday, March 4th. Telsey Advisory Group raised shares of Target from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Bank of America assumed coverage on shares of Target in a report on Friday, February 27th. They set an "underperform" rating and a $103.00 price target on the stock. Zacks Research upgraded shares of Target from a "strong sell" rating to a "hold" rating in a research report on Wednesday, December 3rd. Finally, Robert W. Baird cut their price target on Target from $100.00 to $92.00 and set a "neutral" rating for the company in a research note on Thursday, November 20th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus price target of $116.45.

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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