Target (NYSE:TGT) stock is up about 18% year-to-date, outperforming the S&P 500’s (SPX) gain of 5.1%. The retailer’s aggressive investments in e-commerce and fulfillment services are encouraging and support its share price. With ongoing investments in fortifying digital capabilities and a focus on improving the shopping experience, Target will likely drive its traffic and overall revenues. Consequently, it’s the right time to see who owns Target.
Now, according to TipRanks’ ownership page, other institutional investors own 37.39% of TGT. They are followed by public companies and individual investors, mutual funds, and insiders at 33.49%, 28.14%, and 0.97%, respectively.
Digging Deeper into Target’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns an 8.48% 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 Neutral on TGT stock based on the activity of 29 hedge funds. 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 decreased by 2.8%. Overall, among the 723,426 portfolios monitored by TipRanks, 0.9% have invested in Target stock.
Is TGT a Good Buy Now?
Wall Street is cautiously optimistic about Target stock. TGT has received 20 Buys and 10 Hold recommendations for a Moderate Buy consensus rating. The analysts’ average price target on TGT stock is $183.62, implying 10.23% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides TGT ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of TGT stock, go to TipRanks’ Stock Analysis page.
