Target Corporation $TGT Stock: Vontobel Holding Ltd. Raises Holdings

Key Points

• Vontobel Holding increased its Target stake by 60.6% in the third quarter, owning 38,712 shares valued at approximately $6.1 million. Institutional investors and hedge funds collectively own 79.73% of Target.
• Target reported stronger-than-expected 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 issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Analyst sentiment remains 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 3.0% annualized yield.

Vontobel Holding Ltd. lifted its holdings in Target Corporation (NYSE:TGT - Free Report) by 60.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,712 shares of the retailer's stock after acquiring an additional 14,601 shares during the period. Vontobel Holding Ltd.'s holdings in Target were worth $6,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. BlackRock Inc. bought a new stake in shares of Target during the 2nd quarter valued at about $5,054,604,000. Bank of New York Mellon Corp bought a new stake in Target in the second quarter worth approximately $831,466,000. Dimensional Fund Advisors LP increased its holdings in Target by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer's stock worth $656,091,000 after purchasing an additional 411,608 shares in the last quarter. Bank of America Corp DE lifted its stake in Target by 1.8% in the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer's stock valued at $597,656,000 after buying an additional 82,268 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Target by 12.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer's stock valued at $589,642,000 after buying an additional 514,155 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Melissa K. Kremer sold 15,500 shares of the 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 directly owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction on 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 sale, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Target from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Citigroup lifted their price objective on shares of Target from $148.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. UBS Group lifted their price objective on shares of Target from $166.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Barclays boosted their target price on shares of Target from $115.00 to $140.00 and gave the company an "underweight" rating in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group increased their target price on shares of Target from $161.00 to $177.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $159.33.

Target Stock Performance

Shares of Target stock opened at $154.42 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $170.75. The firm has a market capitalization of $70.15 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.86 and a beta of 0.98. The business has a 50-day simple moving average of $157.77 and a 200 day simple moving average of $139.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts anticipate that Target Corporation will post 9.02 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced 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 of this dividend is Tuesday, November 10th. Target's dividend payout ratio is presently 48.18%.

Target 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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