Target Corporation $TGT Shares Bought by AIA Group Ltd

AIA Group Ltd raised its holdings in Target Corporation (NYSE:TGT) by 191.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,739 shares of the retailer’s stock after acquiring an additional 7,706 shares during the quarter. AIA Group Ltd’s holdings in Target were worth $1,053,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC raised its stake in shares of Target by 20,825.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 5,650 shares of the retailer’s stock valued at $506,000 after acquiring an additional 5,623 shares during the period. Allworth Financial LP increased its position in Target by 1.2% in the third quarter. Allworth Financial LP now owns 34,073 shares of the retailer’s stock worth $3,056,000 after buying an additional 398 shares during the period. Swiss Life Asset Management Ltd lifted its position in Target by 23.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 267,999 shares of the retailer’s stock valued at $24,040,000 after purchasing an additional 51,308 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of Target during the third quarter valued at $404,000. Finally, Investment Research Partners LLC acquired a new stake in shares of Target in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $113.03 on Friday. The company’s 50-day moving average price is $113.12 and its two-hundred day moving average price is $99.63. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The firm has a market cap of $51.19 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 4.76 and a beta of 1.12. 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 announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is currently 56.09%.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. UBS Group boosted their price objective on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Jefferies Financial Group restated a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Thursday, December 18th. Evercore set a $105.00 target price on Target in a research note on Tuesday, February 17th. KeyCorp reiterated a “sector weight” rating on shares of Target in a research report on Wednesday, March 4th. Finally, Citigroup boosted their target price on Target from $110.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $116.32.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

About Target

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.