The National Pension Service boosted its stake in Target Corporation (NYSE: TGT) by 6.1% in the fourth quarter, according to filing with Securities and Exchange Commission. Now, the pension fund holds 886,438 shares after picking up an extra 50,614 shares during that time. Those shares are worth about $86.65 million.
Other institutional investors are also shifting their stakes in Target. WFA of San Diego LLC made its debut with a new investment around $25,000 in second quarter. Global Wealth Strategies & Associates ramped up its stake by 192%, now owning 292 shares valued at roughly $29,000 after buying another 192 shares. Eagle Bay Advisors LLC and Key Financial Inc also made moves,with Key Financial increasing its stake by 77.4%, now holding 346 shares worth about $31,000.
Analysts are busy adjusting their ratings and price targets for Target . BNP Paribas Exane lifted its target from $63 to $88 but kept an “underperform” rating . On the other hand, JPMorgan Chase & Co. raised its target from $120 to $129,giving it a “neutral” rating. The Telsey Advisory Group also increased its target from $148 to $150,rating stock as “outperform.” The consensus rating for Target remains “Hold,” with an average price target of $125.93.
As of Friday,shares of Target opened at $127.25, down 1.1%. stock's 50-day moving average is $123.56,while the 200-day moving average sits at $110.87. Target's market cap is around $57.8 billion, with a P/E ratio of 16.81 . The past year has seen ups and downs, with shares hitting a low of $83.44 and a high of $133.10.
In its latest earnings report, Target posted earnings per share of $1.71 for quarter, beating the consensus estimate of $1.47. Revenue hit $25.44 billion, surpassing expectations of $24.66 billion,marking a year-over-year rise of 6.7%. For fiscal year 2026, the company set guidance at EPS range of 7.500 to 8.500, with analysts anticipating average EPS of 8.35 for the current fiscal year.
Target also announced a quarterly dividend of $1.14,set for payment on June 1. Shareholders on record as of May 13 will receive this dividend, which gives an annualized yield of 3.6%. The company’s dividend payout ratio is currently 60.24%.
In other news, Matthew A. Liegel,Target's Chief Accounting Officer, sold 2,053 shares on March 17 at average price of $117.19,totaling about $240,591. After this sale, he holds 12,143 shares valued at roughly $1.42 million,reflecting a 14.46% drop in his position.
Founded in 1902,Target Corporation is based in Minneapolis, Minnesota, and operates various retail formats across U.S.,including a robust e-commerce platform. company offers a wide range of products, from clothing to groceries,and has built portfolio of exclusive brands to strengthen its market presence .
