Target Corporation $TGT Stock Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Target stake by 11.9% in the third quarter, acquiring 138,061 additional shares and bringing its holdings to 1.30 million shares valued at approximately $203.8 million. Institutional investors and hedge funds collectively own 79.73% of Target.
• Target reported quarterly EPS of $4.11, surpassing the $2.35 consensus estimate, while revenue rose 5.3% year over year to $26.54 billion. Analysts maintain a consensus “Hold” rating with an average price target of $159.33.
• Target declared a quarterly dividend of $1.16 per share, equivalent to $4.64 annually and a 3.0% yield. The company’s shares opened at $154.08, while two insiders recently sold portions of their holdings.

Robeco Institutional Asset Management B.V. raised its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,300,681 shares of the retailer's stock after acquiring an additional 138,061 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.29% of Target worth $203,804,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pension & Wealth Management Advisors Inc. bought a new stake in Target in the third quarter valued at about $25,000. Kimelman & Baird LLC bought a new stake in shares of Target in the 2nd quarter valued at approximately $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Target during the 2nd quarter valued at approximately $26,000. Archer Investment Corp acquired a new stake in shares of Target during the 2nd quarter valued at approximately $30,000. Finally, Capital Advisors Ltd. LLC lifted its stake in Target by 245.6% during the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer's stock worth $33,000 after purchasing an additional 194 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TGT shares. Jefferies Financial Group lifted their price objective on shares of Target from $161.00 to $177.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Telsey Advisory Group increased their target price on shares of Target from $170.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Wolfe Research set a $169.00 target price on shares of Target in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on shares of Target from $129.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $154.00 price target 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 issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Target has a consensus rating of "Hold" and an average target price of $159.33.

Target Trading Up 0.5%

Shares of NYSE TGT opened at $154.08 on Wednesday. The company has a market cap of $70.00 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Target Corporation has a 12-month low of $83.44 and a 12-month 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's 50 day simple moving average is $157.82 and its 200 day simple moving average is $140.51.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts expect that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Target's dividend payout ratio is 48.18%.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 926 shares of the business's stock in a transaction on Friday, August 21st. The stock was 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 owned 12,266 shares in the company, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the business's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value 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 trade represents a 21.38% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company's stock.

About Target

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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