OMERS ADMINISTRATION Corp Has $3.23 Million Stock Position in Target Corporation $TGT

OMERS ADMINISTRATION Corp grew its stake in shares of Target Corporation (NYSE:TGT) by 15.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 24,759 shares of the retailer’s stock after acquiring an additional 3,315 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Target were worth $3,234,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TGT. E Fund Management Co. Ltd. boosted its holdings in shares of Target by 4.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock valued at $228,000 after acquiring an additional 68 shares in the last quarter. Wynn Capital LLC increased its holdings in Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after purchasing an additional 79 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in Target by 16.0% in the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Prosperity Consulting Group LLC raised its position in Target by 3.4% in the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after purchasing an additional 81 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Target by 3.4% in the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock valued at $324,000 after purchasing an additional 82 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by insiders.

Target Trading Down 3.9%

Shares of TGT stock opened at $163.20 on Wednesday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The stock has a market cap of $74.12 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 3.15 and a beta of 0.97. The stock has a 50-day moving average of $142.15 and a 200-day moving average of $128.90.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities research analysts forecast that Target Corporation will post 8.88 earnings per share for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is 48.18%.

Analyst Ratings Changes

A number of brokerages have recently commented on TGT. Barclays lifted their price target on Target from $115.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, August 19th. BMO Capital Markets raised their price objective on shares of Target from $150.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, August 20th. Guggenheim lifted their target price on shares of Target from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Wells Fargo & Company boosted their target price on shares of Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, Roth Capital restated a “neutral” rating and issued a $142.00 price target on shares of Target in a research report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $159.52.

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.