OMERS ADMINISTRATION Corp Buys 3,315 Shares of Target Corporation $TGT

OMERS ADMINISTRATION Corp boosted its stake in shares of Target Corporation (NYSE:TGT) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,759 shares of the retailer’s stock after purchasing an additional 3,315 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Target were worth $3,234,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TGT. Richardson Financial Services Inc. bought a new position in shares of Target in the 2nd quarter valued at about $26,000. WFA of San Diego LLC acquired a new position in shares of Target during the 2nd quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in shares of Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Target in the 4th quarter valued at about $26,000. Finally, Capital Advisors Ltd. LLC lifted its stake in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TGT. Wolfe Research set a $169.00 price target on Target in a report on Monday, August 3rd. Telsey Advisory Group upped their price objective on Target from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Truist Financial raised their price objective on Target from $147.00 to $167.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Evercore set a $170.00 target price on Target in a report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.52.

Target Stock Down 3.9%

Target stock opened at $163.20 on Wednesday. The stock has a market cap of $74.12 billion, a P/E ratio of 16.95, a P/E/G ratio of 3.15 and a beta of 0.97. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The company’s 50-day moving average price is $142.15 and its two-hundred day moving average price is $128.90.

Target (NYSE:TGT) last issued its quarterly earnings data 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. The company had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts expect that Target Corporation will post 8.88 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is 48.18%.

Insider Buying and Selling at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by company insiders.

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.