Nykredit A S Buys Shares of 126,585 Target Corporation $TGT

Key Points

• Nykredit A/S bought 126,585 Target shares during the second quarter, valued at approximately $16.5 million. Institutional investors collectively own 79.73% of Target.
• Target reported strong quarterly results, with EPS of $4.11 versus estimates of $2.35 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 mixed: Target has an average “Hold” rating and a consensus price target of $159.52, while recent targets range from $124 to $182. Shares opened at $158.09, near the consensus target.

Nykredit A S bought a new stake in Target Corporation (NYSE:TGT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 126,585 shares of the retailer's stock, valued at approximately $16,533,000.

A number of other hedge funds have also made changes to their positions in the stock. Winning Points Advisors LLC purchased a new position in Target in the fourth quarter valued at about $611,000. Franklin Resources Inc. raised its stake in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer's stock worth $605,507,000 after purchasing an additional 142,937 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer's stock worth $13,453,000 after purchasing an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Target during the 1st quarter valued at about $6,686,000. Finally, Saudi Central Bank lifted its holdings in shares of Target by 89.7% during the 2nd quarter. Saudi Central Bank now owns 31,700 shares of the retailer's stock valued at $4,140,000 after buying an additional 14,986 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In related news, CAO Matthew Liegel sold 926 shares of the firm's 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 transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction 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. This trade represents a 21.38% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TGT. Telsey Advisory Group increased their price objective on Target from $170.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $150.00 target price on shares of Target in a research note on Thursday, August 20th. Wolfe Research set a $169.00 target price on shares of Target in a research report on Monday, August 3rd. Bank of America reissued an "underperform" rating and issued a $124.00 target price (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Finally, Roth Capital restated a "neutral" rating and set a $142.00 price target on shares of Target in a research note on Thursday, August 20th. Eleven 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, the company presently has an average rating of "Hold" and an average target price of $159.52.

Target Stock Down 1.1%

Shares of TGT stock opened at $158.09 on Friday. The stock's 50 day simple moving average is $152.31 and its 200 day simple moving average is $134.57. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.94 and a beta of 0.99.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. The company's revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts predict that Target Corporation will post 8.85 EPS for the current year.

Target Company Profile

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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