New York State Teachers Retirement System Buys 11,770 Shares of Target Corporation $TGT

New York State Teachers Retirement System lifted its stake in Target Corporation (NYSE:TGT) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 425,546 shares of the retailer’s stock after purchasing an additional 11,770 shares during the period. New York State Teachers Retirement System’s holdings in Target were worth $38,171,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Associated Banc Corp raised its position in shares of Target by 5.6% during the third quarter. Associated Banc Corp now owns 5,958 shares of the retailer’s stock worth $534,000 after acquiring an additional 314 shares during the last quarter. Forum Financial Management LP increased its position in Target by 5.5% in the third quarter. Forum Financial Management LP now owns 4,305 shares of the retailer’s stock worth $386,000 after purchasing an additional 223 shares during the period. Sachetta LLC raised its holdings in Target by 19.2% during the 3rd quarter. Sachetta LLC now owns 1,454 shares of the retailer’s stock worth $130,000 after purchasing an additional 234 shares during the last quarter. SilverOak Wealth Management LLC raised its holdings in Target by 4.8% during the 3rd quarter. SilverOak Wealth Management LLC now owns 11,077 shares of the retailer’s stock worth $994,000 after purchasing an additional 505 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Target by 1.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 79,749 shares of the retailer’s stock valued at $7,153,000 after purchasing an additional 1,202 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

TGT opened at $105.52 on Monday. The stock has a market cap of $47.78 billion, a P/E ratio of 12.81, a P/E/G ratio of 11.48 and a beta of 1.12. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $94.05 and a 200 day simple moving average of $95.81.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $25.44 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TGT. Deutsche Bank Aktiengesellschaft set a $108.00 price target on shares of Target in a research report on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 target price (down previously from $94.00) on shares of Target in a report on Thursday, November 20th. Sanford C. Bernstein dropped their target price on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Robert W. Baird reduced their price target on Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Target in a report on Friday, November 14th. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $102.83.

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.