New York State Teachers Retirement System Sells 5,044 Shares of Target Corporation $TGT

New York State Teachers Retirement System trimmed its holdings in shares of Target Corporation (NYSE:TGT) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 420,502 shares of the retailer’s stock after selling 5,044 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Target worth $41,104,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. WFA of San Diego LLC purchased a new stake in shares of Target during the 2nd quarter valued at $25,000. Global Wealth Strategies & Associates boosted its holdings in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Target during the fourth quarter valued at about $30,000. Key Financial Inc increased its holdings in Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Target by 168.9% during the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after buying an additional 223 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

NYSE:TGT opened at $129.06 on Friday. The business has a 50 day moving average price of $120.55 and a 200-day moving average price of $106.41. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $133.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The firm has a market cap of $58.61 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 5.41 and a beta of 1.01.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts predict that Target Corporation will post 8.02 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. Target’s payout ratio is currently 56.09%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research reports. Guggenheim lifted their price objective on shares of Target from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. BMO Capital Markets boosted their price target on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. UBS Group increased their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Finally, Barclays boosted their target price on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.39.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

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.