State of Alaska Department of Revenue Purchases 11,502 Shares of Target Corporation $TGT

State of Alaska Department of Revenue boosted its position in shares of Target Corporation (NYSE:TGT) by 17.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,675 shares of the retailer’s stock after buying an additional 11,502 shares during the period. State of Alaska Department of Revenue’s holdings in Target were worth $6,877,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in shares of Target during the 2nd quarter valued at approximately $25,000. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the second quarter valued at $29,000. Finally, Heartwood Wealth Advisors LLC bought a new position in Target during the third quarter valued at $27,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Target in a research report on Friday, November 14th. Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Monday, October 27th. BTIG Research started coverage on Target in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. BMO Capital Markets dropped their target price on Target from $95.00 to $90.00 and set a “market perform” rating for the company in a report on Thursday, November 20th. Finally, Citigroup cut their target price on Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $102.83.

Target Stock Down 0.8%

Shares of NYSE:TGT opened at $105.52 on Friday. The firm has a market capitalization of $47.78 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 11.48 and a beta of 1.12. The business has a 50 day simple moving average of $94.05 and a two-hundred day simple moving average of $95.81. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same period last year, the company earned $1.85 EPS. Target’s quarterly revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities analysts predict that Target Corporation will post 8.69 EPS for the current year.

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.