Target Corporation $TGT Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its Target stake by 18.9% in the fourth quarter, buying 11,500 more shares and bringing its total to 72,500 shares worth about $7.1 million.
• Target reported a strong latest quarter, with EPS of $1.71 beating estimates and revenue of $25.44 billion topping expectations; revenue also rose 6.7% year over year.
• The company declared a quarterly dividend of $1.14 per share, implying an annualized payout of $4.56 and a 3.5% yield.

Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,500 shares of the retailer's stock after acquiring an additional 11,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Target were worth $7,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA of San Diego LLC acquired a new stake in shares of Target during the 2nd quarter valued at approximately $25,000. Global Wealth Strategies & Associates raised its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer's stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Target during the 4th quarter valued at approximately $30,000. Key Financial Inc raised its position in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer's stock valued at $31,000 after acquiring an additional 151 shares in the last quarter. Finally, True Wealth Design LLC raised its position in shares of Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer's stock valued at $35,000 after acquiring an additional 223 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of NYSE TGT opened at $128.59 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 2.51 and a beta of 1.01. The business's 50-day simple moving average is $123.31 and its 200-day simple moving average is $110.76. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Target's dividend payout ratio (DPR) is currently 60.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TGT shares. KeyCorp reissued a "sector weight" rating on shares of Target in a research report on Thursday, May 21st. BMO Capital Markets increased their price target on Target from $105.00 to $130.00 and gave the stock a "market perform" 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 Monday, May 4th. Mizuho set a $120.00 price objective on Target in a report on Thursday, March 5th. Finally, Barclays upped their price objective on Target from $108.00 to $115.00 and gave the company an "underweight" rating in a report on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $125.93.

Insider Activity at Target

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

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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