Assenagon Asset Management S.A. Reduces Holdings in Target Corporation $TGT

Assenagon Asset Management S.A. trimmed its stake in shares of Target Corporation (NYSE:TGT) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,579 shares of the retailer’s stock after selling 7,857 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.10% of Target worth $44,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. WFA of San Diego LLC bought a new position in shares of Target in the second quarter worth approximately $25,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Target in the third quarter worth $27,000. Global Wealth Strategies & Associates raised its holdings in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in Target during the 3rd quarter valued at $31,000. Finally, Key Financial Inc boosted its position in Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 0.8%

Shares of NYSE TGT opened at $115.84 on Wednesday. The firm has a fifty day simple moving average of $113.44 and a two-hundred day simple moving average of $100.05. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $52.46 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 4.78 and a beta of 1.12.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

Insider Buying and Selling at Target

In other Target 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 transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents 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. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group raised shares of Target from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $110.00 to $145.00 in a report on Wednesday, March 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research note on Wednesday, March 4th. DA Davidson increased their target price on shares of Target from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft set a $108.00 price target on Target in a report on Thursday, January 8th. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $116.32.

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.