3,428 Shares in Target Corporation $TGT Bought by Groupe la Francaise

Groupe la Francaise purchased a new position in shares of Target Corporation (NYSE:TGT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,428 shares of the retailer’s stock, valued at approximately $448,000.

A number of other large investors have also recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new position in shares of Target during the 2nd quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in shares of Target in the 4th quarter valued at about $25,000. Richardson Financial Services Inc. acquired a new stake in Target in the 2nd quarter valued at about $26,000. Kimelman & Baird LLC acquired a new stake in Target in the 2nd quarter valued at about $26,000. Finally, Altshuler Shaham Ltd bought a new position in Target during the fourth quarter worth about $26,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TGT shares. Wells Fargo & Company boosted their price target on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Zacks Research downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Bank of America reiterated an “underperform” rating and set a $124.00 target price (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Morgan Stanley restated an “overweight” rating on shares of Target in a research note on Thursday, August 20th. Finally, UBS Group increased their price target on Target from $166.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $159.52.

Target Stock Performance

Shares of NYSE TGT opened at $162.68 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 3.06 and a beta of 0.99. The stock’s fifty day moving average price is $148.09 and its two-hundred day moving average price is $132.35. Target Corporation has a one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT) last posted 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 company 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 company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts forecast that Target Corporation will post 8.85 EPS for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were issued a $1.16 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 2.9%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is presently 48.18%.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the sale, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This trade represents a 21.38% 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.

Target Company Profile

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.