Leonteq Securities AG Invests $1.02 Million in Target Corporation $TGT

Leonteq Securities AG bought a new position in Target Corporation (NYSE:TGT) in the 4th quarter, Holdings Channel.com reports. The fund bought 10,423 shares of the retailer’s stock, valued at approximately $1,019,000.

A number of other institutional investors have also modified their holdings of TGT. Vanguard Group Inc. grew its position in shares of Target by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares during the last quarter. State Street Corp grew its position in shares of Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after buying an additional 911,964 shares during the last quarter. Amundi grew its position in shares of Target by 38.6% during the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after buying an additional 533,416 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Target by 17.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after buying an additional 461,495 shares during the last quarter. Finally, Caisse de depot et placement du Quebec grew its position in shares of Target by 1,593.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock valued at $39,454,000 after buying an additional 413,871 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Trending Headlines about Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: DA Davidson raised its price target on Target to $155 and reiterated a buy rating, signaling confidence in further upside after the earnings beat. DA Davidson raises Target price target
• Positive Sentiment: Telsey Advisory Group increased its target to $150 and kept an outperform rating, reflecting improving views on Target’s turnaround. Telsey Advisory Group raises Target price target
• Positive Sentiment: Target beat Q1 estimates with EPS of $1.71 versus expectations around $1.47 and revenue of $25.44 billion versus $24.66 billion expected, while sales rose 6.7% year over year and traffic increased 4.4%. Target beats Q1 earnings estimates
• Positive Sentiment: Management raised full-year guidance, including FY26 net sales growth of about 4% and EPS guidance of $7.50 to $8.50, reinforcing the view that the turnaround is gaining traction. Reuters on Target raising annual sales forecast

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TGT. Oppenheimer boosted their price objective on shares of Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. UBS Group boosted their price objective on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. DA Davidson boosted 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. Telsey Advisory Group boosted their price objective on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Evercore set a $130.00 price objective on shares of Target in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $124.11.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Target Trading Up 3.0%

Target stock opened at $126.01 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $122.36 and a two-hundred day moving average price of $109.49. The firm has a market capitalization of $57.23 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 3.55 and a beta of 1.01. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates 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 business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts expect that Target Corporation will post 8.25 earnings per share for the current year.

Target Dividend Announcement

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

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.