Swiss Life Asset Management Ltd Buys 51,308 Shares of Target Corporation $TGT

Key Points

• Swiss Life Asset Management Ltd raised its stake in Target by 23.7% in Q3, buying 51,308 shares to hold 267,999 shares worth about $24.04 million (~0.06% of the company).
• Other large institutions also increased exposure—Vanguard added 6.48 million shares and State Street added 911,964 shares—leaving institutional investors owning about 79.73% of Target stock.
• Target beat Q1 EPS estimates ($2.44 vs. $2.16), set FY2026 guidance of $7.50–$8.50, and declared a quarterly dividend of $1.14 (annualized yield ~4.0%).

Swiss Life Asset Management Ltd lifted its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 23.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 267,999 shares of the retailer's stock after buying an additional 51,308 shares during the period. Swiss Life Asset Management Ltd owned about 0.06% of Target worth $24,040,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Target by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer's stock worth $5,195,953,000 after acquiring an additional 6,481,560 shares during the last quarter. State Street Corp raised its position in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer's stock valued at $3,377,031,000 after purchasing an additional 911,964 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Target by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer's stock valued at $1,602,825,000 after purchasing an additional 277,176 shares in the last quarter. Norges Bank bought a new stake in shares of Target during the second quarter worth about $578,009,000. Finally, Dimensional Fund Advisors LP increased 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 buying an additional 122,300 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm's stock in a transaction that occurred 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 $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.16% of the company's stock.

Target Stock Performance

Shares of TGT opened at $114.61 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The firm's fifty day simple moving average is $112.97 and its two-hundred day simple moving average is $99.51. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The stock has a market capitalization of $51.90 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 4.79 and a beta of 1.12.

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 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 analyst estimates of $30.52 billion. During the same period last year, the company posted $2.41 EPS. The business'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. As a group, analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 4.0%. Target's payout ratio is 56.09%.

Analyst Ratings Changes

Several research firms recently commented on TGT. Barclays lifted their target price on shares of Target from $91.00 to $108.00 and gave the stock an "underweight" rating in a research report on Wednesday, March 4th. BNP Paribas Exane raised their price target on shares of Target from $63.00 to $88.00 and gave the company an "underperform" rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a "hold (c-)" rating on shares of Target in a research note on Wednesday, January 21st. KeyCorp restated a "sector weight" rating on shares of Target in a report on Wednesday, March 4th. Finally, Sanford C. Bernstein raised Target from an "underperform" rating to a "market perform" rating and raised their target price for the stock from $91.00 to $116.00 in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $116.32.

Target Company Profile

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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