Czech National Bank Has $16.89 Million Stock Position in Target Corporation $TGT

Czech National Bank increased its stake in Target Corporation (NYSE:TGT) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 129,276 shares of the retailer’s stock after acquiring an additional 5,956 shares during the period. Czech National Bank’s holdings in Target were worth $16,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Target during the fourth quarter worth about $587,903,000. TOMS Capital Investment Management LP acquired a new position in shares of Target in the 4th quarter valued at approximately $257,571,000. AQR Capital Management LLC lifted its holdings in shares of Target by 243.8% during the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after acquiring an additional 2,035,298 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Target by 6,639.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after acquiring an additional 1,884,577 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Target by 104.7% during the 4th quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock worth $6,403,000 after acquiring an additional 1,448,146 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TGT. Robert W. Baird upped their target price on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Piper Sandler reissued a “neutral” rating on shares of Target in a report on Friday, June 12th. Zacks Research upgraded Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Truist Financial raised their price objective on Target from $123.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $136.89.

Target Trading Up 1.6%

NYSE TGT opened at $149.50 on Friday. The company has a market cap of $67.90 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. Target Corporation has a twelve month low of $83.44 and a twelve month high of $150.07. 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 business’s fifty day moving average is $135.01 and its 200 day moving average is $124.54.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts expect that Target Corporation will post 8.32 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is presently 60.24%.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

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.