Strs Ohio Sells 112,586 Shares of Target Corporation $TGT

Strs Ohio decreased its stake in Target Corporation (NYSE:TGT) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,919 shares of the retailer’s stock after selling 112,586 shares during the period. Strs Ohio owned about 0.08% of Target worth $34,618,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TGT. Raleigh Capital Management Inc. increased its holdings in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Target during the 2nd quarter valued at $29,000. Global Assets Advisory LLC bought a new position in shares of Target during the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC bought a new position in shares of Target during the 1st quarter valued at $32,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.3%

Shares of NYSE TGT opened at $92.90 on Friday. The business’s 50 day moving average is $91.49 and its two-hundred day moving average is $96.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a 1-year low of $85.36 and a 1-year high of $158.42. The stock has a market capitalization of $42.21 billion, a P/E ratio of 10.83, a PEG ratio of 2.74 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same period in the previous year, the firm posted $2.57 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 4.9%. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent research reports. BTIG Research initiated coverage on shares of Target in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. UBS Group reduced their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. DA Davidson dropped their price target on shares of Target from $115.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Piper Sandler reissued a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.00.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.