Target Corporation $TGT Stock Holdings Lifted by OFI Invest Asset Management

OFI Invest Asset Management raised its stake in Target Corporation (NYSE:TGT) by 88.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 989 shares of the retailer’s stock after buying an additional 464 shares during the period. OFI Invest Asset Management’s holdings in Target were worth $98,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Target by 407.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after purchasing an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Target during the 2nd quarter worth approximately $595,839,000. Pacer Advisors Inc. grew its position in Target by 1,364.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock worth $343,312,000 after purchasing an additional 3,065,035 shares in the last quarter. Nuveen LLC purchased a new position in Target during the 1st quarter worth approximately $186,361,000. Finally, Goldman Sachs Group Inc. grew its position in Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after purchasing an additional 1,406,653 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. Barclays reiterated an “underweight” rating and set a $91.00 price objective on shares of Target in a research report on Monday, July 21st. Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. DA Davidson lowered their price objective on shares of Target from $115.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Target in a report on Thursday, August 21st. Finally, Wedbush restated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $109.10.

Target Stock Up 2.1%

TGT stock opened at $87.29 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a 1 year low of $85.36 and a 1 year high of $161.50. The company has a fifty day simple moving average of $94.23 and a 200 day simple moving average of $96.71. The firm has a market cap of $39.66 billion, a PE ratio of 10.17, a PEG ratio of 2.48 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the previous year, the business earned $2.57 EPS. Target’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is presently 53.15%.

Target 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.