USS Investment Management Ltd Has $7.32 Million Stock Position in Target Corporation $TGT

Key Points

• USS Investment Management Ltd has reduced its stake in Target Corporation ($TGT) by 32.7%, owning 70,125 shares valued at approximately $7.3 million after selling 34,000 shares.
• Charles Schwab Investment Management Inc. increased its holdings in Target by 407.8%, now owning about 15.97 million shares worth $1.67 billion.
• Target announced a quarterly dividend of $1.12 per share, resulting in an annualized yield of 4.8% with a dividend payout ratio of 53.15%.

USS Investment Management Ltd lessened its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 32.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 70,125 shares of the retailer's stock after selling 34,000 shares during the period. USS Investment Management Ltd's holdings in Target were worth $7,317,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

TGT has been the topic of several research reports. Wall Street Zen upgraded Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Wells Fargo & Company lowered their price target on Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Morgan Stanley lowered their price target on Target from $160.00 to $112.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Citigroup boosted their price target on Target from $94.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Finally, Loop Capital set a $95.00 price target on Target in a research note on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus price target of $113.74.

Target Trading Down 1.6%

TGT traded down $1.42 during mid-day trading on Friday, reaching $90.10. The stock had a trading volume of 4,287,057 shares, compared to its average volume of 7,145,938. The stock has a market capitalization of $40.94 billion, a P/E ratio of 10.50, a P/E/G ratio of 2.62 and a beta of 1.16. 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 firm's fifty day simple moving average is $100.80 and its two-hundred day simple moving average is $100.40. Target Corporation has a 52 week low of $87.35 and a 52 week high of $161.50.

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

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.