Strs Ohio Purchases New Shares in Target Corporation $TGT

Key Points

• Strs Ohio acquired approximately 463,505 shares of Target Corporation, valued at around $48.37 million, representing a 0.10% ownership stake.
• Target's latest earnings report showed $2.05 EPS, slightly beating analysts' expectations and a revenue of $24.99 billion, despite a 0.9% decline compared to the previous year.
• Target's stock has a market cap of $41.26 billion, with a consensus target price of $113.74 and an average rating of "Hold" from analysts.

Strs Ohio purchased a new stake in Target Corporation (NYSE:TGT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 463,505 shares of the retailer's stock, valued at approximately $48,371,000. Strs Ohio owned 0.10% of Target at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TGT. Brighton Jones LLC boosted its stake in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after purchasing an additional 3,059 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Target by 7.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,750 shares of the retailer's stock valued at $8,347,000 after acquiring an additional 4,406 shares during the period. NorthRock Partners LLC lifted its position in shares of Target by 27.0% during the 4th quarter. NorthRock Partners LLC now owns 97,535 shares of the retailer's stock valued at $13,185,000 after acquiring an additional 20,723 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of Target during the 4th quarter valued at $919,000. Finally, ProShare Advisors LLC lifted its position in shares of Target by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 1,317,280 shares of the retailer's stock valued at $178,070,000 after acquiring an additional 39,732 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Shares of TGT opened at $90.81 on Thursday. Target Corporation has a 12-month low of $87.35 and a 12-month high of $161.50. The business has a 50-day simple moving average of $101.05 and a two-hundred day simple moving average of $100.64. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock has a market cap of $41.26 billion, a PE ratio of 10.58, a PEG ratio of 2.62 and a beta of 1.16.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on TGT shares. Robert W. Baird set a $100.00 target price on Target in a research report on Thursday, May 22nd. Wall Street Zen upgraded Target from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Telsey Advisory Group reissued a "market perform" rating and set a $110.00 price target on shares of Target in a report on Wednesday, August 20th. Loop Capital set a $95.00 price target on Target in a report on Thursday, July 17th. Finally, BMO Capital Markets lowered their price target on Target from $100.00 to $95.00 and set a "market perform" rating for the company in a report on Thursday, May 22nd. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Target presently has an average rating of "Hold" and a consensus target price of $113.74.

Target 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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