Strs Ohio Sells 4,149 Shares of Target Corporation $TGT

Strs Ohio trimmed its holdings in shares of Target Corporation (NYSE:TGT) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 461,999 shares of the retailer’s stock after selling 4,149 shares during the quarter. Strs Ohio owned 0.10% of Target worth $45,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TGT. Vanguard Group Inc. lifted its position in shares of Target by 12.6% during the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after purchasing an additional 6,481,560 shares during the last quarter. State Street Corp raised its holdings in shares of Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after acquiring an additional 911,964 shares in the last quarter. Amundi raised its holdings in shares of Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after acquiring an additional 533,416 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Target by 17.1% in the second quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after acquiring an additional 461,495 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Target by 21.4% in the third quarter. Nordea Investment Management AB now owns 2,408,505 shares of the retailer’s stock valued at $210,865,000 after acquiring an additional 425,081 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TGT shares. UBS Group lifted their price objective on Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Morgan Stanley lifted their price objective on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Truist Financial lifted their price objective on Target from $90.00 to $121.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Mizuho set a $120.00 price objective on Target in a report on Thursday, March 5th. Finally, Telsey Advisory Group upgraded Target from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.39.

Target Price Performance

TGT opened at $129.06 on Friday. The business’s 50-day moving average is $120.55 and its two-hundred day moving average is $106.55. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The firm has a market capitalization of $58.61 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 5.37 and a beta of 1.01.

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

Target Dividend Announcement

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

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.