Public Employees Retirement System of Ohio Decreases Holdings in Target Corporation $TGT

Public Employees Retirement System of Ohio decreased its stake in Target Corporation (NYSE:TGT - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,917 shares of the retailer's stock after selling 6,497 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Target were worth $18,538,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Alhambra Investment Management LLC lifted its stake in Target by 39.8% in the 2nd quarter. Alhambra Investment Management LLC now owns 4,184 shares of the retailer's stock valued at $413,000 after buying an additional 1,192 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Target by 35.5% during the second quarter. Ballentine Partners LLC now owns 11,667 shares of the retailer's stock valued at $1,151,000 after acquiring an additional 3,056 shares during the last quarter. Kagan Cocozza Asset Management raised its holdings in shares of Target by 24.1% during the second quarter. Kagan Cocozza Asset Management now owns 6,957 shares of the retailer's stock valued at $686,000 after acquiring an additional 1,349 shares during the last quarter. Accurate Wealth Management LLC lifted its position in shares of Target by 6.5% in the second quarter. Accurate Wealth Management LLC now owns 2,965 shares of the retailer's stock valued at $311,000 after acquiring an additional 182 shares in the last quarter. Finally, Waycross Partners LLC boosted its stake in shares of Target by 3.0% in the second quarter. Waycross Partners LLC now owns 172,557 shares of the retailer's stock worth $17,023,000 after acquiring an additional 4,965 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Down 1.3%

Shares of NYSE TGT opened at $87.16 on Friday. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50. The company has a market capitalization of $39.60 billion, a P/E ratio of 10.16, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a 50 day simple moving average of $97.83 and a 200-day simple moving average of $98.25. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion during the quarter, compared to analysts' expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. This is a boost from Target's previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.2%. Target's payout ratio is 53.15%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TGT. Loop Capital set a $95.00 price objective on Target in a research note on Thursday, July 17th. Truist Financial increased their target price on shares of Target from $90.00 to $107.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Barclays restated an "underweight" rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Wolfe Research initiated coverage on shares of Target in a research note on Thursday, September 18th. They set an "underperform" rating and a $80.00 price objective for the company. Finally, Wall Street Zen raised shares of Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Nine research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $110.48.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

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