Target Corporation $TGT Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in shares of Target Corporation (NYSE:TGT) by 17.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,431 shares of the retailer’s stock after acquiring an additional 26,509 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Target were worth $16,095,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. WFA of San Diego LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC acquired a new position in Target during the third quarter valued at $27,000. Tripletail Wealth Management LLC purchased a new stake in shares of Target in the third quarter worth approximately $31,000. Key Financial Inc boosted its stake in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares during the period. Finally, VSM Wealth Advisory LLC grew its stake in Target by 1,113.8% in the second quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock valued at $35,000 after purchasing an additional 323 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of NYSE TGT opened at $112.63 on Friday. The company has a market capitalization of $51.00 billion, a P/E ratio of 13.67, a P/E/G ratio of 11.71 and a beta of 1.14. The stock has a 50 day moving average of $103.53 and a 200-day moving average of $96.91. Target Corporation has a 12 month low of $83.44 and a 12 month high of $131.70. 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 (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter last year, the business earned $1.85 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders 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 yield of 4.0%. Target’s dividend payout ratio (DPR) is presently 55.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TGT. Evercore ISI set a $103.00 price target on Target in a research report on Tuesday. Sanford C. Bernstein cut their price target on Target from $87.00 to $80.00 and set an “underperform” rating for the company in a report on Thursday, November 20th. Bank of America dropped their price target on shares of Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Target in a report on Monday, October 27th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price objective on shares of Target in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $103.90.

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.