Target Corporation $TGT Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in Target Corporation (NYSE:TGT) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 427,463 shares of the retailer’s stock after buying an additional 6,961 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Target worth $51,809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Leonteq Securities AG raised its holdings in shares of Target by 106.4% during the 1st quarter. Leonteq Securities AG now owns 21,514 shares of the retailer’s stock worth $2,607,000 after acquiring an additional 11,091 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Target by 52.2% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 119,951 shares of the retailer’s stock valued at $14,538,000 after acquiring an additional 41,150 shares during the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of Target by 774.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 35,127 shares of the retailer’s stock valued at $4,257,000 after purchasing an additional 31,110 shares during the period. Sharp Wealth Advisory LLC grew its holdings in shares of Target by 3.7% in the first quarter. Sharp Wealth Advisory LLC now owns 4,250 shares of the retailer’s stock valued at $515,000 after purchasing an additional 150 shares during the period. Finally, Platform Technology Partners grew its holdings in shares of Target by 3.4% in the first quarter. Platform Technology Partners now owns 3,720 shares of the retailer’s stock valued at $451,000 after purchasing an additional 122 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 0.1%

Shares of NYSE:TGT opened at $130.31 on Friday. The company has a market capitalization of $59.19 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.54 and a beta of 0.98. Target Corporation has a 12-month low of $83.44 and a 12-month high of $142.82. The business has a 50-day moving average price of $128.22 and a 200 day moving average price of $117.85. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts expect that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.6%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 60.24%.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TGT shares. Robert W. Baird lifted their target price on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 price target on shares of Target in a research note on Friday, May 15th. DA Davidson raised their price target on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Guggenheim upped their price objective on Target from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 12th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $130.64.

About Target

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.