Target Corporation $TGT Shares Acquired by National Pension Service

National Pension Service increased its position in shares of Target Corporation (NYSE:TGT) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 835,824 shares of the retailer’s stock after acquiring an additional 44,961 shares during the quarter. National Pension Service owned approximately 0.18% of Target worth $74,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA of San Diego LLC purchased a new position in shares of Target during the second quarter worth $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Target during the third quarter worth about $27,000. Global Assets Advisory LLC purchased a new stake in shares of Target in the 2nd quarter valued at approximately $31,000. Tripletail Wealth Management LLC purchased a new position in Target in the third quarter valued at $31,000. Finally, VSM Wealth Advisory LLC increased its holdings in shares of Target by 1,113.8% in the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock valued at $35,000 after acquiring an additional 323 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on TGT shares. TD Cowen reduced their target price on Target from $105.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, November 20th. Royal Bank Of Canada reduced their target price on shares of Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on Target in a report on Thursday, January 8th. Robert W. Baird dropped their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Finally, Piper Sandler restated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of Target in a research report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.03.

Target Stock Performance

Target stock opened at $105.40 on Monday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $140.39. The stock’s 50-day moving average is $99.30 and its 200-day moving average is $96.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The company has a market cap of $47.73 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 11.47 and a beta of 1.14.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The company had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is 55.34%.

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.