Strs Ohio Buys 115,229 Shares of Target Corporation $TGT

Strs Ohio boosted its stake in Target Corporation (NYSE:TGT) by 32.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 466,148 shares of the retailer’s stock after buying an additional 115,229 shares during the quarter. Strs Ohio’s holdings in Target were worth $41,813,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TGT. New Wave Wealth Advisors LLC grew its stake in shares of Target by 21.9% in the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,681 shares of the retailer’s stock worth $241,000 after acquiring an additional 481 shares in the last quarter. Accredited Investors Inc. boosted its holdings in Target by 6.9% during the third quarter. Accredited Investors Inc. now owns 8,761 shares of the retailer’s stock worth $786,000 after purchasing an additional 563 shares during the last quarter. Traub Capital Management LLC grew its position in Target by 42.4% in the 3rd quarter. Traub Capital Management LLC now owns 2,491 shares of the retailer’s stock worth $223,000 after purchasing an additional 742 shares in the last quarter. Stiles Financial Services Inc increased its stake in Target by 1.4% in the 3rd quarter. Stiles Financial Services Inc now owns 28,796 shares of the retailer’s stock valued at $2,583,000 after buying an additional 408 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in shares of Target during the 3rd quarter worth approximately $53,000. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TGT. DA Davidson set a $120.00 target price on Target in a report on Monday, January 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research note on Wednesday. Truist Financial boosted their price target on shares of Target from $83.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, November 20th. Sanford C. Bernstein reduced their price target on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Finally, Evercore ISI decreased their price objective on shares of Target from $100.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.03.

Target Stock Up 1.4%

TGT stock opened at $108.04 on Friday. The stock has a fifty day moving average of $97.63 and a 200-day moving average of $96.37. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08. The company has a market capitalization of $48.92 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 11.58 and a beta of 1.12. 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 released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 4.2%. Target’s dividend payout ratio (DPR) is 55.34%.

Target Company 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.