Oregon Public Employees Retirement Fund Buys 12,756 Shares of Target Corporation $TGT

Oregon Public Employees Retirement Fund grew its position in Target Corporation (NYSE:TGT) by 32.5% during the 3rd quarter, Holdings Channel reports. The firm owned 51,951 shares of the retailer’s stock after purchasing an additional 12,756 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Target were worth $4,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Target by 14.7% in the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after buying an additional 6,607,982 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Target in the second quarter valued at approximately $595,839,000. Norges Bank acquired a new position in shares of Target in the 2nd quarter worth approximately $578,009,000. State Street Corp boosted its holdings in shares of Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after acquiring an additional 1,529,026 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Target by 133.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after acquiring an additional 1,273,129 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $105.52 on Friday. The firm has a market cap of $47.78 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 11.48 and a beta of 1.12. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $94.05 and a 200 day moving average price of $95.81.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price objective on shares of Target in a research note on Thursday, December 18th. Cowen reaffirmed a “hold” rating on shares of Target in a report on Monday, November 10th. Bank of America reduced their price target on shares of Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research report on Thursday, November 20th. Guggenheim reissued a “buy” rating and set a $115.00 price objective on shares of Target in a report on Monday, October 27th. Finally, Wolfe Research restated an “underperform” rating and issued a $81.00 price objective on shares of Target in a research report on Tuesday, December 30th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $102.83.

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.