Target Corporation $TGT Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its stake in Target Corporation (NYSE:TGT) by 29.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,444 shares of the retailer’s stock after acquiring an additional 4,826 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Target were worth $2,599,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. WFA of San Diego LLC purchased a new position in Target in the 2nd quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in Target in the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Target during the 4th quarter worth approximately $30,000. Finally, MidFirst Bank purchased a new stake in shares of Target in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of analyst reports. Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 price target on shares of Target in a research note on Friday, May 15th. Zacks Research raised shares of Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Argus set a $150.00 price objective on Target in a research report on Friday, May 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.15.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Target Price Performance

TGT stock opened at $144.18 on Wednesday. The business’s fifty day moving average price is $131.66 and its 200 day moving average price is $122.48. Target Corporation has a 12-month low of $83.44 and a 12-month high of $145.85. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $65.49 billion, a PE ratio of 19.05, a P/E/G ratio of 2.74 and a beta of 0.98.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the previous year, the company posted $1.30 EPS. Target’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.2%. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is 60.24%.

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.