Target Corporation $TGT Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in shares of Target Corporation (NYSE:TGT) by 13,417.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 91,340,014 shares of the retailer’s stock after acquiring an additional 90,664,304 shares during the quarter. California State Teachers Retirement System owned approximately 0.20% of Target worth $11,929,919,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TGT. Wedmont Private Capital boosted its holdings in Target by 37.0% in the 2nd quarter. Wedmont Private Capital now owns 4,443 shares of the retailer’s stock worth $600,000 after buying an additional 1,201 shares during the last quarter. Kintra Wealth LLC raised its holdings in shares of Target by 9.7% during the second quarter. Kintra Wealth LLC now owns 2,923 shares of the retailer’s stock valued at $382,000 after acquiring an additional 258 shares during the last quarter. Sovereign Investment Advisors LLC purchased a new position in shares of Target in the second quarter valued at approximately $261,000. Beaird Harris Wealth Management LLC lifted its position in shares of Target by 94.9% in the second quarter. Beaird Harris Wealth Management LLC now owns 760 shares of the retailer’s stock valued at $99,000 after acquiring an additional 370 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Target by 2.5% during the second quarter. HB Wealth Management LLC now owns 49,728 shares of the retailer’s stock worth $6,495,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Target in a research note on Thursday, August 20th. BMO Capital Markets upped their target price on shares of Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. increased their target price on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Roth Capital reissued a “neutral” rating and issued a $142.00 price target on shares of Target in a research note on Thursday, August 20th. Finally, Telsey Advisory Group boosted their price target on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $159.52.

Insider Activity

In other Target news, CAO Matthew Liegel sold 926 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. The trade was a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Melissa Kremer sold 15,500 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the sale, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $162.68 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The stock’s fifty day moving average is $148.09 and its two-hundred day moving average is $132.35. The firm has a market capitalization of $73.91 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period last year, the company earned $2.05 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts anticipate that Target Corporation will post 8.85 earnings per share for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.9%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend was Wednesday, August 12th. Target’s payout ratio is presently 48.18%.

Target Company Profile

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.