Swiss Life Asset Management Ltd Acquires 79,386 Shares of Target Corporation $TGT

Swiss Life Asset Management Ltd increased its holdings in shares of Target Corporation (NYSE:TGT) by 29.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,385 shares of the retailer’s stock after purchasing an additional 79,386 shares during the period. Swiss Life Asset Management Ltd’s holdings in Target were worth $33,957,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TGT. Brighton Jones LLC lifted its holdings in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after purchasing an additional 11,047 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after acquiring an additional 12,948 shares in the last quarter. Sei Investments Co. lifted its stake in Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after acquiring an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Target by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after acquiring an additional 27,063 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TGT shares. Piper Sandler boosted their target price on Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Guggenheim boosted their target price on Target from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $132.00 target price on shares of Target in a research note on Friday. Oppenheimer boosted their target price on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Finally, Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $118.04.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by company insiders.

Target Stock Down 0.1%

NYSE:TGT opened at $125.18 on Monday. The firm has a market capitalization of $56.85 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 5.22 and a beta of 1.01. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The stock’s 50 day moving average price is $121.35 and its two-hundred day moving average price is $107.47. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.28. The firm had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts expect that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. Target’s payout ratio is 56.09%.

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.