Strs Ohio Has $41.81 Million Holdings in Target Corporation $TGT

Strs Ohio lifted its holdings in shares of Target Corporation (NYSE:TGT) by 32.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 466,148 shares of the retailer’s stock after purchasing an additional 115,229 shares during the quarter. Strs Ohio owned 0.10% of Target worth $41,813,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. LBP AM SA acquired a new stake in shares of Target during the second quarter worth $5,427,000. Precedent Wealth Partners LLC lifted its holdings in Target by 27.7% in the second quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after buying an additional 2,869 shares during the period. Mattern Capital Management LLC boosted its position in Target by 7.6% during the second quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after acquiring an additional 5,573 shares during the last quarter. Northern Financial Advisors Inc acquired a new stake in Target during the 2nd quarter worth about $370,000. Finally, CWM LLC raised its position in shares of Target by 41.5% in the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after acquiring an additional 11,378 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TGT. Sanford C. Bernstein cut their target price on Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a research report on Thursday, November 20th. Bank of America dropped their price target on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. JPMorgan Chase & Co. reduced their price objective on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Roth Mkm set a $88.00 price objective on shares of Target in a research note on Thursday, November 20th. Finally, Truist Financial increased their target price on shares of Target from $83.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $103.03.

Target Price Performance

Shares of NYSE:TGT opened at $108.04 on Friday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08. The stock’s 50 day moving average is $97.63 and its 200-day moving average is $96.37. 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 firm has a market capitalization of $48.92 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 11.58 and a beta of 1.12.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The business’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. Sell-side analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 4.2%. Target’s dividend payout ratio (DPR) is presently 55.34%.

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.