Shares of retail giant Target Corporation (NYSE:TGT) closed more than 12% higher on Tuesday, March 5, due to the strong fourth-quarter results. Further, the retailer introduced a new membership program to drive average traffic and ticket size at its stores. As Target focuses on reaccelerating growth, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, other institutional investors own 36.74% of TGT. They are followed by public companies and individual investors, mutual funds, and insiders at 34.33%, 27.95%, and 0.98%, respectively.
Digging Deeper into TGT’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns an 8.45% stake in TGT stock. Next up is Vanguard Index Funds, which holds a 6.53% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is neither Negative nor Positive on Target stock based on the activity of 29 hedge funds. Nonetheless, Hedge funds increased their TGT holdings by 18.5K shares in the last quarter.
Meanwhile, individual investors have a Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding TGT stock increased by 1.7%. Overall, among the 718,776 portfolios monitored by TipRanks, 0.8% have invested in TGT stock.
Is Target a Buy, Sell, or Hold?
Target stock has gained over 19% year-to-date. Further, Wall Street analysts are cautiously optimistic about its prospects. With 15 Buy and six Hold recommendations, TGT stock has a Moderate Buy consensus rating. Analysts’ average price target of $173.62 implies a modest 3% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides TGT ownership structure by category, enabling investors to make well-informed investing decisions.
