UniSuper Management Pty Ltd Has $4.10 Million Stock Holdings in Target Corporation $TGT

UniSuper Management Pty Ltd grew its position in shares of Target Corporation (NYSE:TGT) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,725 shares of the retailer’s stock after acquiring an additional 7,520 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Target were worth $4,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Advisors LLC grew its position in Target by 8.0% in the third quarter. Guardian Wealth Advisors LLC now owns 4,443 shares of the retailer’s stock valued at $399,000 after purchasing an additional 331 shares in the last quarter. Ridgewood Investments LLC boosted its stake in shares of Target by 29.3% during the 3rd quarter. Ridgewood Investments LLC now owns 13,271 shares of the retailer’s stock worth $1,157,000 after buying an additional 3,007 shares during the last quarter. Naples Global Advisors LLC grew its holdings in shares of Target by 3.8% in the 3rd quarter. Naples Global Advisors LLC now owns 29,897 shares of the retailer’s stock valued at $2,682,000 after acquiring an additional 1,108 shares in the last quarter. Strs Ohio grew its holdings in shares of Target by 32.8% in the 3rd quarter. Strs Ohio now owns 466,148 shares of the retailer’s stock valued at $41,813,000 after acquiring an additional 115,229 shares in the last quarter. Finally, New Wave Wealth Advisors LLC increased its position in shares of Target by 21.9% in the third quarter. New Wave Wealth Advisors LLC now owns 2,681 shares of the retailer’s stock valued at $241,000 after acquiring an additional 481 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of TGT opened at $108.04 on Monday. The company’s 50-day moving average is $97.63 and its 200-day moving average is $96.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The firm has a market capitalization of $48.92 billion, a PE ratio of 13.11, a PEG ratio of 11.76 and a beta of 1.12. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08.

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

Target Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGT. Mizuho decreased their price target on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Sanford C. Bernstein decreased their target price on shares of Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research note on Thursday, November 20th. TD Cowen lowered their target price on shares of Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $125.00 price objective on shares of Target in a research note on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $103.03.

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.