UniSuper Management Pty Ltd Increases Stake in Target Corporation $TGT

Key Points

• UniSuper Management Pty Ltd increased its stake in Target Corporation by 9.9%, holding 37,331 shares valued at approximately $3.90 million.
• Analysts have given Target mixed ratings, with 10 recommending a Buy, 23 a Hold, and 3 a Sell, along with varied price targets ranging from $82.00 to $113.74.
• Target reported earnings of $2.05 per share, exceeding expectations, but showed a revenue decline of 0.9% year-over-year.

UniSuper Management Pty Ltd raised its position in shares of Target Corporation (NYSE:TGT - Free Report) by 9.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 37,331 shares of the retailer's stock after purchasing an additional 3,361 shares during the quarter. UniSuper Management Pty Ltd's holdings in Target were worth $3,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Target by 407.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer's stock worth $1,666,672,000 after purchasing an additional 12,825,586 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer's stock worth $560,420,000 after purchasing an additional 1,406,653 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Target by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer's stock worth $542,020,000 after purchasing an additional 370,967 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Target by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,798,816 shares of the retailer's stock worth $513,524,000 after purchasing an additional 477,761 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer's stock worth $343,312,000 after purchasing an additional 3,065,035 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Analysts Set New Price Targets

TGT has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price target on Target from $104.00 to $107.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. DA Davidson cut their price target on Target from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Guggenheim restated a "buy" rating and set a $115.00 price target on shares of Target in a report on Thursday, August 21st. Truist Financial increased their price target on Target from $90.00 to $107.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Finally, Piper Sandler reiterated a "neutral" rating on shares of Target in a report on Tuesday, July 29th. Ten investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $113.74.

Target Stock Up 0.8%

NYSE TGT traded up $0.69 on Thursday, reaching $91.47. The company had a trading volume of 9,477,865 shares, compared to its average volume of 8,557,401. Target Corporation has a 52-week low of $87.35 and a 52-week high of $161.50. The stock has a market capitalization of $41.56 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.62 and a beta of 1.16. The company's fifty day moving average is $101.05 and its 200 day moving average is $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.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period last year, the firm posted $2.57 EPS. 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. Sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

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.