Target Corporation $TGT Shares Purchased by Korea Investment CORP

Key Points

• Korea Investment CORP increased its Target stake by 468% in the second quarter, acquiring 403,583 additional shares and bringing its holdings to 489,816 shares worth approximately $64 million.
• Target reported strong quarterly results, with EPS of $4.11 versus the $2.35 consensus and revenue of $26.54 billion, up 5.3% year over year. The company raised fiscal 2026 earnings guidance to $9.90–$10.90 per share.
• Shares rose 4.5% to $165.35, while Target increased its quarterly dividend to $1.16 per share. Despite generally positive analyst revisions, the consensus rating remains “Hold,” and analysts cited tariff-refund benefits and valuation as potential risks.

Korea Investment CORP increased its position in shares of Target Corporation (NYSE:TGT - Free Report) by 468.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 489,816 shares of the retailer's stock after purchasing an additional 403,583 shares during the period. Korea Investment CORP owned approximately 0.11% of Target worth $63,975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Target during the 2nd quarter worth approximately $5,054,604,000. Bank of New York Mellon Corp purchased a new stake in shares of Target during the 2nd quarter worth about $831,466,000. Norges Bank acquired a new stake in shares of Target in the fourth quarter worth $587,903,000. TOMS Capital Investment Management LP purchased a new position in Target in the fourth quarter valued at about $257,571,000. Finally, AQR Capital Management LLC lifted its position in Target by 243.8% during the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer's stock worth $280,563,000 after acquiring an additional 2,035,298 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Trading Up 4.5%

Shares of NYSE:TGT opened at $165.35 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.30 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $75.10 billion, a PE ratio of 17.17, a P/E/G ratio of 2.33 and a beta of 0.97. The firm has a fifty day moving average price of $140.82 and a 200 day moving average price of $128.01. Target Corporation has a 1 year low of $83.44 and a 1 year high of $165.48.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the firm posted $2.05 EPS. 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. Analysts expect that Target Corporation will post 9.27 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 2.8%. This is a positive change from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio (DPR) is currently 48.18%.

Key Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

Analysts Set New Price Targets

TGT has been the subject of a number of recent analyst reports. Morgan Stanley restated an "overweight" rating on shares of Target in a report on Thursday. JPMorgan Chase & Co. upped their target price on Target from $129.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, August 7th. DA Davidson increased their price objective on shares of Target from $170.00 to $185.00 and gave the stock a "buy" rating in a report on Wednesday. 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 note on Wednesday, August 12th. Finally, Truist Financial raised their price objective on shares of Target from $147.00 to $167.00 and gave the company a "hold" rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of "Hold" and an average target price of $159.52.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company's stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate 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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