National Pension Service Grows Holdings in Target Corporation $TGT

Key Points

• National Pension Service increased its Target stake by 1.9% in the second quarter, purchasing 18,284 additional shares to hold 960,066 shares worth approximately $125.4 million. Institutional investors collectively own 79.73% of Target.
• Target reported a strong quarter, with EPS of $4.11 versus the $2.35 consensus estimate and revenue of $26.54 billion, up 5.3% year over year. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Analyst sentiment remains cautious: Target has a consensus “Hold” rating and an average price target of $159.52, while two company insiders recently sold shares.

National Pension Service raised its position in Target Corporation (NYSE:TGT - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 960,066 shares of the retailer's stock after buying an additional 18,284 shares during the period. National Pension Service owned 0.21% of Target worth $125,394,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of TGT. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter valued at approximately $25,000. Jessup Wealth Management Inc bought a new stake in Target during the fourth quarter worth $25,000. Richardson Financial Services Inc. purchased a new position in Target in the second quarter worth $26,000. Kimelman & Baird LLC purchased a new position in Target in the second quarter worth $26,000. Finally, Altshuler Shaham Ltd bought a new position in Target in the 4th quarter valued at $26,000. Institutional investors own 79.73% of the company's stock.

Target Price Performance

Shares of NYSE:TGT opened at $155.86 on Friday. The firm has a market capitalization of $70.81 billion, a PE ratio of 16.18, a P/E/G ratio of 2.93 and a beta of 0.99. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $149.15 and a two-hundred day moving average price of $132.92. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75.

Target (NYSE:TGT - Get Free Report) last posted its quarterly 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 company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities analysts forecast that Target Corporation will post 8.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TGT shares. Bank of America reaffirmed an "underperform" rating and set a $124.00 target price (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Piper Sandler increased their price target on shares of Target from $146.00 to $153.00 and gave the company a "neutral" rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Target from $129.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Roth Capital reaffirmed a "neutral" rating and issued a $142.00 price objective on shares of Target in a research report on Thursday, August 20th. Finally, Citigroup boosted their target price on shares of Target from $148.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of "Hold" and an average price target of $159.52.

Insider Buying and Selling at Target

In other news, 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 directly owned 56,981 shares of the company's stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew Liegel sold 926 shares of Target stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company's stock.

About Target

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.

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