Target Co. (NYSE:TGT) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its stake in shares of Target Co. (NYSE:TGT) by 208.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,695 shares of the retailer’s stock after buying an additional 7,903 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Target were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Brookstone Capital Management grew its position in Target by 28.8% during the fourth quarter. Brookstone Capital Management now owns 10,803 shares of the retailer’s stock worth $1,539,000 after buying an additional 2,414 shares during the period. Advisor Resource Council acquired a new stake in shares of Target in the fourth quarter valued at approximately $458,000. Accurate Wealth Management LLC acquired a new stake in shares of Target in the fourth quarter valued at approximately $284,000. Premier Path Wealth Partners LLC acquired a new stake in shares of Target in the fourth quarter valued at approximately $388,000. Finally, CoreCap Advisors LLC grew its position in shares of Target by 1.7% in the fourth quarter. CoreCap Advisors LLC now owns 20,195 shares of the retailer’s stock valued at $2,876,000 after purchasing an additional 340 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the topic of several research reports. Piper Sandler initiated coverage on shares of Target in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $156.00 price target on the stock. BNP Paribas initiated coverage on shares of Target in a research report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price target on the stock. Roth Mkm restated a “neutral” rating and set a $153.00 target price on shares of Target in a research report on Thursday, May 23rd. Jefferies Financial Group raised their target price on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Tigress Financial raised their target price on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.57.

Target Stock Down 2.5 %

Shares of TGT stock traded down $3.82 during trading hours on Wednesday, reaching $146.45. The company had a trading volume of 2,948,756 shares, compared to its average volume of 3,866,233. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The company has a market capitalization of $67.75 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. The stock’s fifty day simple moving average is $148.71 and its 200 day simple moving average is $154.39.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The business had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Target Co. will post 9.31 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a $1.12 dividend. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a dividend yield of 3.06%. Target’s dividend payout ratio (DPR) is 49.38%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.