Mirae Asset Global Investments Co. Ltd. Makes New Investment in Target Corporation $TGT

Key Points

• Mirae Asset Global Investments purchased 594,189 Target shares worth approximately $93.1 million, giving it a 0.13% stake. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly EPS of $4.11, well above the $2.35 analyst consensus, while revenue rose 5.3% year over year to $26.54 billion. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Target declared a quarterly dividend of $1.16 per share, equivalent to an annualized $4.64 payout and a 3.0% yield. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $159.33.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Target Corporation (NYSE:TGT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 594,189 shares of the retailer's stock, valued at approximately $93,103,000. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Target at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Washington Trust Advisors Inc. lifted its stake in shares of Target by 28.5% during the 3rd quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer's stock worth $46,000 after buying an additional 65 shares during the last quarter. E Fund Management Co. Ltd. grew its stake in Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer's stock valued at $228,000 after buying an additional 68 shares during the last quarter. Avior Wealth Management LLC grew its stake in Target by 3.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer's stock valued at $341,000 after buying an additional 73 shares during the last quarter. Wynn Capital LLC raised its holdings in Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer's stock valued at $1,104,000 after acquiring an additional 79 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in Target by 0.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer's stock valued at $2,518,000 after acquiring an additional 79 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Shares of NYSE:TGT opened at $153.70 on Friday. The company's 50 day moving average price is $157.12 and its two-hundred day moving average price is $133.81. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The firm has a market cap of $69.83 billion, a PE ratio of 15.96, a PEG ratio of 2.86 and a beta of 0.98. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts predict that Target Corporation will post 8.89 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a yield of 3.0%. Target's payout ratio is currently 48.18%.

Insiders Place Their Bets

In other news, CAO Matthew Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Melissa Kremer sold 15,500 shares of the firm's stock in a transaction on Monday, August 24th. The stock was 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 owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TGT shares. Zacks Research upgraded shares of Target from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Target in a research note on Friday, September 25th. Sanford C. Bernstein reissued a "market perform" rating and set a $154.00 price target on shares of Target in a report on Thursday, August 20th. Bank of America restated an "underperform" rating and issued a $124.00 price target (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Finally, Citigroup boosted their price target on Target from $148.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $159.33.

Target Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.

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