New York State Teachers Retirement System Acquires 11,770 Shares of Target Corporation $TGT

New York State Teachers Retirement System grew its holdings in Target Corporation (NYSE:TGT) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 425,546 shares of the retailer’s stock after acquiring an additional 11,770 shares during the period. New York State Teachers Retirement System owned 0.09% of Target worth $38,171,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. LBP AM SA bought a new stake in shares of Target in the 2nd quarter worth approximately $5,427,000. Precedent Wealth Partners LLC raised its stake in shares of Target by 27.7% in the second quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after purchasing an additional 2,869 shares in the last quarter. Mattern Capital Management LLC lifted its position in Target by 7.6% in the second quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock worth $7,809,000 after purchasing an additional 5,573 shares during the period. Northern Financial Advisors Inc acquired a new stake in Target during the second quarter worth $370,000. Finally, CWM LLC boosted its stake in Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after buying an additional 11,378 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $105.52 on Monday. The stock has a market capitalization of $47.78 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 11.48 and a beta of 1.12. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08. The firm has a 50 day moving average of $94.05 and a 200-day moving average of $95.81.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same period in the prior year, the company earned $1.85 EPS. Target’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, sell-side analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TGT. Wolfe Research restated an “underperform” rating and issued a $81.00 price objective on shares of Target in a research note on Tuesday, December 30th. Robert W. Baird lowered their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $108.00 price target on shares of Target in a research note on Thursday. Roth Capital set a $88.00 price objective on Target in a research note on Thursday, November 20th. Finally, Mizuho dropped their target price on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $102.83.

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.