Target Corporation $TGT Stock Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,208,675 shares of the retailer's stock after buying an additional 48,298 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Target worth $189,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Target during the 3rd quarter valued at $93,103,000. Aviance Capital Partners LLC lifted its stake in shares of Target by 38.8% during the third quarter. Aviance Capital Partners LLC now owns 3,694 shares of the retailer's stock worth $579,000 after purchasing an additional 1,032 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Target during the third quarter worth about $5,850,000. Intrua Financial LLC purchased a new stake in shares of Target in the third quarter worth about $210,000. Finally, Moss Adams Wealth Advisors LLC purchased a new stake in shares of Target in the third quarter worth about $322,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 926 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the company's stock in a transaction dated 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 transaction, the insider owned 56,981 shares of the company's stock, valued at $9,684,490.76. This represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TGT. Deutsche Bank Aktiengesellschaft set a $150.00 target price on Target in a report on Thursday, August 20th. Wells Fargo & Company upped their target price on shares of Target from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. BMO Capital Markets raised their price target on shares of Target from $150.00 to $160.00 and gave the company a "market perform" rating in a report on Thursday, August 20th. Oppenheimer boosted their price objective on shares of Target from $140.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. Finally, KeyCorp reissued a "sector weight" rating on shares of Target in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus target price of $159.33.

Target Stock Down 0.4%

Shares of Target stock opened at $153.70 on Monday. 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 business has a 50-day moving average price of $157.12 and a 200 day moving average price of $133.81. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The firm has a market cap of $69.83 billion, a P/E ratio of 15.96, a P/E/G ratio of 2.86 and a beta of 0.94.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share 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 business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the business earned $2.05 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, sell-side analysts forecast that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 10th. Target's dividend payout ratio is presently 48.18%.

Target Company Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.

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