Louisiana State Employees Retirement System Invests $2.80 Million in Target Corporation $TGT

Louisiana State Employees Retirement System purchased a new stake in shares of Target Corporation (NYSE:TGT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,100 shares of the retailer’s stock, valued at approximately $2,800,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TGT. WFA of San Diego LLC purchased a new position in Target during the 2nd quarter valued at $25,000. Jessup Wealth Management Inc bought a new position in shares of Target during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Target during the fourth quarter valued at $26,000. Capital Advisors Ltd. LLC raised its position in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after purchasing an additional 194 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its stake in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.1%

Shares of NYSE:TGT opened at $140.23 on Monday. The stock’s 50-day simple moving average is $128.00 and its two-hundred day simple moving average is $116.76. The stock has a market capitalization of $63.69 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.74 and a beta of 1.00. Target Corporation has a 52-week low of $83.44 and a 52-week high of $142.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts expect that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is currently 60.24%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays reiterated an “underweight” rating on shares of Target in a report on Monday, June 1st. Guggenheim lifted their price target on shares of Target from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Mizuho set a $120.00 price objective on shares of Target in a report on Thursday, March 5th. Argus set a $150.00 price objective on shares of Target in a research report on Friday, May 22nd. Finally, DA Davidson raised their target price on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Twelve research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus target price of $130.64.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.