UniSuper Management Pty Ltd Acquires 7,520 Shares of Target Corporation $TGT

UniSuper Management Pty Ltd increased its holdings in shares of Target Corporation (NYSE:TGT) by 19.7% during the third quarter, Holdings Channel.com reports. The fund owned 45,725 shares of the retailer’s stock after purchasing an additional 7,520 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Target were worth $4,102,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TGT. JNBA Financial Advisors grew its position in shares of Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after purchasing an additional 96 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Target by 32.3% in the second quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after buying an additional 98 shares during the period. OMERS ADMINISTRATION Corp grew its position in Target by 0.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after buying an additional 100 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the period. Finally, Binnacle Investments Inc raised its holdings in Target by 11.4% in the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TGT. Bank of America reduced their target price on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. JPMorgan Chase & Co. cut their price objective on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Citigroup dropped their target price on shares of Target from $100.00 to $89.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, Roth Mkm set a $88.00 price target on shares of Target in a report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $103.03.

Target Stock Up 1.4%

Shares of NYSE TGT opened at $108.04 on Monday. The company has a market cap of $48.92 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 11.76 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 12 month low of $83.44 and a 12 month high of $145.08. The stock has a 50-day moving average price of $97.63 and a two-hundred day moving average price of $96.29.

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

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 4.2%. Target’s dividend payout ratio is 55.34%.

About Target

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.