Target Corporation $TGT Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in shares of Target Corporation (NYSE:TGT) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,501,818 shares of the retailer’s stock after buying an additional 93,313 shares during the period. Nordea Investment Management AB owned about 0.55% of Target worth $244,303,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares in the last quarter. Woodline Partners LP boosted its position in shares of Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Target during the 2nd quarter worth $415,000. Swiss National Bank grew its stake in shares of Target by 6.7% during the 2nd quarter. Swiss National Bank now owns 1,379,100 shares of the retailer’s stock worth $136,048,000 after purchasing an additional 86,800 shares during the period. Finally, DNB Asset Management AS grew its stake in shares of Target by 1.1% during the 2nd quarter. DNB Asset Management AS now owns 82,326 shares of the retailer’s stock worth $8,121,000 after purchasing an additional 909 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Target stock opened at $113.03 on Monday. The firm has a market capitalization of $51.19 billion, a PE ratio of 13.90, a P/E/G ratio of 4.71 and a beta of 1.12. Target Corporation has a 52 week low of $83.44 and a 52 week high of $126.00. The firm’s 50-day simple moving average is $113.12 and its 200 day simple moving average is $99.73. 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 earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $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. On average, equities research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TGT shares. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Piper Sandler boosted their price objective on shares of Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $145.00 in a research report on Wednesday, March 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of Target in a research report on Wednesday, March 4th. Finally, BNP Paribas Exane boosted their price target on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $116.32.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company’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 value of $240,591.07. Following the sale, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

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.