Oregon Public Employees Retirement Fund Has $4.66 Million Stock Position in Target Corporation $TGT

Oregon Public Employees Retirement Fund increased its position in shares of Target Corporation (NYSE:TGT) by 32.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,951 shares of the retailer’s stock after buying an additional 12,756 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Target were worth $4,660,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the period. Ascent Group LLC acquired a new stake in Target in the 1st quarter valued at approximately $205,000. Woodline Partners LP grew its holdings in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after buying an additional 11,047 shares during the last quarter. Focus Partners Wealth increased its position in Target by 0.9% in the 1st quarter. Focus Partners Wealth now owns 95,879 shares of the retailer’s stock worth $10,006,000 after buying an additional 818 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Target by 119.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,398 shares of the retailer’s stock worth $459,000 after buying an additional 2,396 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $105.52 on Friday. The company has a 50-day moving average of $94.05 and a 200-day moving average of $95.81. The company has a market capitalization of $47.78 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 11.48 and a beta of 1.12. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Guggenheim reissued a “buy” rating and issued a $115.00 price target on shares of Target in a report on Monday, October 27th. Cowen restated a “hold” rating on shares of Target in a research report on Monday, November 10th. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Argus reduced their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.83.

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.