ING Groep NV Buys Shares of 7,339 Target Corporation $TGT

ING Groep NV purchased a new position in shares of Target Corporation (NYSE:TGT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,339 shares of the retailer’s stock, valued at approximately $717,000.

A number of other hedge funds have also made changes to their positions in the stock. First Trust Advisors LP grew its stake in Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after buying an additional 124,371 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Target by 15.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after acquiring an additional 45,803 shares during the last quarter. Mather Group LLC. boosted its holdings in Target by 7.5% during the fourth quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock valued at $15,173,000 after acquiring an additional 10,839 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Target by 20.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 175,443 shares of the retailer’s stock valued at $18,322,000 after acquiring an additional 30,363 shares during the period. Finally, Oak Thistle LLC acquired a new stake in shares of Target in the fourth quarter valued at about $1,149,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research analyst reports. Argus set a $150.00 price objective on Target in a research report on Friday, May 22nd. Oppenheimer raised their target price on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Sanford C. Bernstein reiterated a “market perform” rating and set a $124.00 price target on shares of Target in a report on Thursday, May 21st. Barclays reissued an “underweight” rating on shares of Target in a research report on Monday, June 1st. Finally, Roth Mkm restated a “neutral” rating and issued a $114.00 price objective on shares of Target in a research note on Friday, May 22nd. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $125.93.

Insider Buying and Selling

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was 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 of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction 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 sale, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Target Stock Up 1.0%

NYSE TGT opened at $127.89 on Thursday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The stock has a market cap of $58.09 billion, a PE ratio of 16.89, a PEG ratio of 2.47 and a beta of 1.00. The firm has a 50-day simple moving average of $124.89 and a 200 day simple moving average of $113.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts forecast that Target Corporation will post 8.35 EPS for the current year.

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.