Target Corporation $TGT Stock Holdings Lifted by Syon Capital LLC

Syon Capital LLC boosted its position in shares of Target Corporation (NYSE:TGT) by 169.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,154 shares of the retailer’s stock after purchasing an additional 4,499 shares during the period. Syon Capital LLC’s holdings in Target were worth $699,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter valued at $25,000. Global Wealth Strategies & Associates raised its stake in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Target during the 4th quarter valued at $30,000. True Wealth Design LLC raised its stake in Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after purchasing an additional 223 shares during the period. Finally, Optima Capital LLC acquired a new stake in Target during the 4th quarter valued at $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 2.1%

Target stock opened at $126.52 on Wednesday. The company’s fifty day simple moving average is $124.70 and its 200-day simple moving average is $112.71. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a 12 month low of $83.44 and a 12 month high of $133.10. The stock has a market cap of $57.46 billion, a P/E ratio of 16.71, a P/E/G ratio of 2.42 and a beta of 1.00.

Target (NYSE:TGT) last posted its quarterly 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 business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $124.00 target price on shares of Target in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their target price 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. Morgan Stanley boosted their price target on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Oppenheimer boosted their price target on shares of Target from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Finally, BNP Paribas Exane boosted their price target on shares of Target from $63.00 to $88.00 and gave the company an “underperform” rating in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $125.93.

Target Company 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.