Dai ichi Life Insurance Company Ltd Acquires 5,227 Shares of Target Corporation $TGT

Dai ichi Life Insurance Company Ltd increased its holdings in shares of Target Corporation (NYSE:TGT) by 37.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,073 shares of the retailer’s stock after buying an additional 5,227 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Target were worth $2,312,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new position in Target during the 2nd quarter worth about $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target in the fourth quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target in the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new position in shares of Target during the fourth quarter worth about $30,000. Finally, MidFirst Bank bought a new position in shares of Target during the fourth quarter worth about $31,000. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Target Trading Up 0.1%

NYSE TGT opened at $136.85 on Monday. The stock has a market capitalization of $62.16 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.67 and a beta of 0.98. The business has a 50 day simple moving average of $130.97 and a 200 day simple moving average of $121.94. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a one year low of $83.44 and a one year high of $144.40.

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 revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts expect that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is currently 60.24%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Telsey Advisory Group upped their target price on Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. KeyCorp restated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Piper Sandler restated a “neutral” rating on shares of Target in a research report on Friday, June 12th. DA Davidson boosted their price target on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen raised shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average target price of $132.15.

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.