NEOS Investment Management LLC lifted its stake in shares of Target Corporation (NYSE:TGT – Free Report) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,898 shares of the retailer’s stock after acquiring an additional 9,289 shares during the quarter. NEOS Investment Management LLC’s holdings in Target were worth $9,652,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Winning Points Advisors LLC purchased a new stake in Target in the fourth quarter worth about $611,000. Franklin Resources Inc. increased its position in Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after purchasing an additional 142,937 shares during the period. Bogart Wealth LLC raised its holdings in shares of Target by 41.8% in the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after purchasing an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Target in the 1st quarter valued at about $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Target in the 4th quarter worth approximately $27,470,000. Institutional investors own 79.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TGT. Citigroup increased their price objective on shares of Target from $148.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Morgan Stanley restated an “overweight” rating on shares of Target in a report on Thursday, August 20th. Wolfe Research set a $169.00 target price on Target in a research report on Monday, August 3rd. DA Davidson lifted their price target on Target from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, UBS Group boosted their price target on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $159.52.
View Our Latest Research Report on Target
Target Trading Up 0.1%
NYSE:TGT opened at $164.15 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75. The firm has a 50 day moving average of $146.84 and a 200 day moving average of $131.57. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $74.57 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 3.06 and a beta of 0.99.
Target (NYSE:TGT – Get Free Report) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.08% and a return on equity of 23.23%. Target’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, sell-side analysts anticipate that Target Corporation will post 8.85 earnings per share for the current fiscal year.
Target Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 2.8%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is currently 48.18%.
Insider Transactions at Target
In other news, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the transaction, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Target
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Target Right Now?
Before you consider Target, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Target wasn’t on the list.
While Target currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what’s happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
