Target Corporation $TGT Position Raised by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Target Corporation (NYSE:TGT) by 121.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 530,663 shares of the retailer’s stock after purchasing an additional 291,563 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Target were worth $83,150,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TGT. BlackRock Inc. acquired a new stake in shares of Target in the 2nd quarter worth about $5,054,604,000. Bank of New York Mellon Corp acquired a new position in Target during the 2nd quarter valued at about $831,466,000. Dimensional Fund Advisors LP boosted its stake in Target by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after purchasing an additional 411,608 shares during the period. Bank of America Corp DE boosted its stake in Target by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after purchasing an additional 82,268 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Target by 12.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock worth $589,642,000 after purchasing an additional 514,155 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 926 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of Target stock in a transaction dated 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 approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by insiders.

Target Price Performance

NYSE TGT opened at $153.70 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The firm has a market capitalization of $69.83 billion, a PE ratio of 15.96, a P/E/G ratio of 2.81 and a beta of 0.98. The company’s 50 day simple moving average is $157.12 and its 200 day simple moving average is $133.81. 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) last released its 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 firm had revenue of $26.54 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.89 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be paid a $1.16 dividend. 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 payout ratio is currently 48.18%.

Wall Street Analyst Weigh In

TGT has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research report on Friday, September 25th. Oppenheimer increased their price objective on Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Zacks Research upgraded Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Finally, Royal Bank Of Canada raised their target price on Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $159.33.

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.