Target Corporation $TGT Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Target Corporation by 17% during the first quarter, owning 62,000 shares valued at approximately $6.47 million.
• Target's share price opened at $90.95, with a one-year low of $87.35 and a high of $161.50, while having a market capitalization of $41.33 billion.
• The company reported EPS of $2.05 for the quarter, slightly exceeding analysts' expectations, and set its FY 2025 guidance at 7.00 to 9.00 EPS.

Ilmarinen Mutual Pension Insurance Co grew its holdings in Target Corporation (NYSE:TGT - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,000 shares of the retailer's stock after acquiring an additional 9,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Target were worth $6,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. DSG Capital Advisors LLC grew its stake in shares of Target by 16.1% in the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after acquiring an additional 21,726 shares in the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Target by 48.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer's stock worth $8,786,000 after acquiring an additional 27,329 shares in the last quarter. Viking Fund Management LLC grew its stake in shares of Target by 20.0% in the first quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer's stock worth $6,262,000 after acquiring an additional 10,000 shares in the last quarter. Correct Capital Wealth Management lifted its position in shares of Target by 44.7% during the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock worth $1,415,000 after purchasing an additional 4,189 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in shares of Target during the 1st quarter worth $4,623,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Price Performance

Shares of NYSE:TGT opened at $90.95 on Wednesday. The company has a 50-day simple moving average of $101.34 and a 200-day simple moving average of $100.71. Target Corporation has a one year low of $87.35 and a one year high of $161.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The stock has a market capitalization of $41.33 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 2.64 and a beta of 1.16.

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

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, August 13th. Target's payout ratio is 53.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Target from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Jefferies Financial Group decreased their price objective on shares of Target from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Evercore ISI decreased their price objective on shares of Target from $108.00 to $106.00 and set an "in-line" rating for the company in a research report on Thursday, August 21st. Citigroup lifted their price objective on shares of Target from $94.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Finally, Robert W. Baird set a $100.00 price target on shares of Target in a research report on Thursday, May 22nd. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $113.74.

About Target

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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