Teacher Retirement System of Texas Has $11.95 Million Position in Target Corporation $TGT

Teacher Retirement System of Texas boosted its holdings in Target Corporation (NYSE:TGT) by 23.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,279 shares of the retailer’s stock after buying an additional 23,476 shares during the period. Teacher Retirement System of Texas’ holdings in Target were worth $11,953,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. First Trust Advisors LP raised its holdings in Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after purchasing an additional 124,371 shares during the period. CWM LLC raised its holdings in Target by 41.5% in the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after purchasing an additional 11,378 shares during the period. Twelve Points Wealth Management LLC acquired a new stake in Target in the third quarter worth $1,236,000. LJI Wealth Management LLC raised its holdings in Target by 446.4% in the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after purchasing an additional 19,474 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Target by 15.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after purchasing an additional 45,803 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TGT shares. BMO Capital Markets increased their target price on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $145.00 in a report on Wednesday, March 4th. BNP Paribas Exane increased their target price on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Finally, UBS Group increased their target price on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $117.39.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Target Stock Down 0.8%

Shares of TGT stock opened at $129.07 on Friday. The firm has a fifty day moving average of $119.53 and a 200-day moving average of $105.31. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 5.43 and a beta of 1.03.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The company had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts predict that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. Target’s dividend payout ratio is currently 56.09%.

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.