New York State Teachers Retirement System Boosts Stock Position in Target Corporation $TGT

New York State Teachers Retirement System increased its position in shares of Target Corporation (NYSE:TGT) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,463 shares of the retailer’s stock after acquiring an additional 6,961 shares during the period. New York State Teachers Retirement System’s holdings in Target were worth $51,809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new stake in Target during the second quarter worth about $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target in the fourth quarter valued at approximately $26,000. Global Wealth Strategies & Associates boosted 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 valued at $29,000 after purchasing an additional 192 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Target in the fourth quarter valued at approximately $30,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

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

Target Stock Performance

Shares of Target stock opened at $130.31 on Friday. The business has a 50-day simple moving average of $128.22 and a 200-day simple moving average of $117.85. 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 Corporation has a one year low of $83.44 and a one year high of $142.82. The company has a market cap of $59.19 billion, a PE ratio of 17.21, a P/E/G ratio of 2.54 and a beta of 0.98.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share 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 for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is 60.24%.

Wall Street Analyst Weigh In

TGT has been the topic of several recent research reports. Evercore set a $130.00 target price on shares of Target in a research note on Monday, May 18th. Truist Financial raised their price target on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Roth Mkm reaffirmed a “neutral” rating and set a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. Finally, Guggenheim increased their price objective on Target from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Twelve analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $130.64.

Target 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.