Target Corporation $TGT Stock Holdings Increased by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Target stake by 63.3% in the third quarter, acquiring 122,681 additional shares for a total holding of 316,422 shares worth approximately $49.6 million. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly EPS of $4.11, well above the $2.35 analyst consensus, while revenue rose 5.3% year over year to $26.54 billion. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $159.33. Target also declared a quarterly dividend of $1.16 per share, representing a 3.1% annualized yield.

Asset Management One Co. Ltd. increased its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 63.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 316,422 shares of the retailer's stock after buying an additional 122,681 shares during the period. Asset Management One Co. Ltd. owned 0.07% of Target worth $49,580,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Target during the third quarter worth approximately $25,000. Kimelman & Baird LLC bought a new stake in Target in the 2nd quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in Target in the 2nd quarter valued at $26,000. Archer Investment Corp bought a new stake in Target in the 2nd quarter valued at $30,000. Finally, Washington Trust Advisors Inc. grew its holdings in Target by 28.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer's stock valued at $46,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TGT shares. Guggenheim increased their price objective on Target from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. KeyCorp reissued a "sector weight" rating on shares of Target in a research report on Thursday, August 20th. Morgan Stanley restated an "overweight" rating on shares of Target in a research note on Thursday, August 20th. Wall Street Zen upgraded shares of Target from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings raised shares of Target from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $159.33.

Insider Activity

In other Target news, insider Melissa Kremer sold 15,500 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew Liegel sold 926 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company's stock.

Target Trading Up 0.4%

Shares of TGT stock opened at $148.60 on Thursday. The stock has a market cap of $67.51 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 2.83 and a beta of 0.98. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $157.35 and a 200 day simple moving average of $133.34.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts predict that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a yield of 3.1%. Target's dividend payout ratio is currently 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.

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.