Leonteq Securities AG Grows Stock Holdings in Target Corporation $TGT

Leonteq Securities AG raised its holdings in shares of Target Corporation (NYSE:TGT) by 106.4% during the first quarter, HoldingsChannel reports. The fund owned 21,514 shares of the retailer’s stock after purchasing an additional 11,091 shares during the quarter. Leonteq Securities AG’s holdings in Target were worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TGT. Crawford Investment Counsel Inc. boosted its holdings in shares of Target by 0.4% in the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock worth $1,971,000 after acquiring an additional 90 shares during the period. Valtinson Bruner Financial Planning LLC raised its stake in shares of Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after purchasing an additional 92 shares during the period. Auxano Advisors LLC lifted its holdings in Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after purchasing an additional 93 shares in the last quarter. Davidson Trust Co. lifted its holdings in Target by 3.3% during the 1st quarter. Davidson Trust Co. now owns 2,984 shares of the retailer’s stock worth $362,000 after purchasing an additional 94 shares in the last quarter. Finally, Neumann Capital Management LLC boosted its stake in Target by 0.8% in the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of several analyst reports. Guggenheim upped their price target on Target from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 12th. DA Davidson raised their price objective on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Royal Bank Of Canada boosted their price objective on shares of Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 target price on shares of Target in a report on Friday, May 15th. Finally, Wells Fargo & Company increased their target price on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Twelve analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Target has a consensus rating of “Hold” and an average price target of $130.64.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Target Price Performance

Shares of NYSE TGT opened at $130.31 on Friday. The firm has a market capitalization of $59.19 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.54 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $128.22 and its two-hundred day simple moving average is $117.76. Target Corporation has a twelve month low of $83.44 and a twelve month high of $142.82.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 61.29%.

Target Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.