Mitsubishi UFJ Asset Management Co. Ltd. Acquires 60,813 Shares of Target Corporation $TGT

Key Points

• Mitsubishi UFJ Asset Management raised its stake in Target by 6.4%, buying 60,813 shares in Q4 to hold 1,013,755 shares (about 0.22% of the company) valued at roughly $101.9 million.
• Target declared a quarterly dividend of $1.14 (annualized $4.56) with an ex-dividend date of May 13 and a payment on June 1, implying a ~3.6% yield.
• Recent results and guidance: Target reported $2.44 EPS beating estimates while revenue was down 1.5% YoY, and management guided FY2026 EPS of $7.50–$8.50 (analysts forecast ~8.02 EPS).

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,013,755 shares of the retailer's stock after purchasing an additional 60,813 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of Target worth $101,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer's stock worth $5,690,262,000 after purchasing an additional 286,499 shares during the period. State Street Corp lifted its stake in Target by 2.5% during the third quarter. State Street Corp now owns 37,648,065 shares of the retailer's stock worth $3,377,031,000 after purchasing an additional 911,964 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer's stock valued at $453,050,000 after acquiring an additional 122,300 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Target by 10.2% in the 3rd quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer's stock worth $350,742,000 after acquiring an additional 360,781 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Target by 0.8% in the 3rd quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer's stock worth $296,884,000 after acquiring an additional 25,989 shares in the last quarter. Institutional investors own 79.73% of the company's stock.

Target Stock Performance

TGT stock opened at $125.96 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The company has a 50 day moving average price of $121.35 and a 200 day moving average price of $107.47. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $133.10. The stock has a market capitalization of $57.21 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 5.43 and a beta of 1.01.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion during the quarter, compared to analysts' expectations of $30.52 billion. During the same quarter in the previous year, the company posted $2.41 EPS. Target's 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. Analysts forecast that Target Corporation will post 8.02 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, May 13th. Target's payout ratio is 56.09%.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares of the company's stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on TGT shares. Weiss Ratings reissued a "hold (c)" rating on shares of Target in a report on Monday. Evercore set a $125.00 target price on Target in a report on Tuesday, April 21st. Bank of America started coverage on Target in a report on Friday, February 27th. They issued an "underperform" rating and a $103.00 target price on the stock. Wells Fargo & Company boosted their target price on Target from $115.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Finally, Citigroup boosted their target price on Target from $117.00 to $133.00 and gave the stock a "neutral" rating in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $117.96.

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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