Nisa Investment Advisors LLC Raises Stock Position in Target Corporation $TGT

Nisa Investment Advisors LLC lifted its position in Target Corporation (NYSE:TGT) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,957 shares of the retailer’s stock after acquiring an additional 7,728 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Target were worth $17,062,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TGT. Brighton Jones LLC lifted its holdings in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Target by 174.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,832 shares of the retailer’s stock worth $191,000 after acquiring an additional 1,165 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Target by 9.0% in the 1st quarter. Perigon Wealth Management LLC now owns 9,618 shares of the retailer’s stock worth $1,004,000 after acquiring an additional 796 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of Target by 92.1% in the 1st quarter. Perpetual Ltd now owns 9,889 shares of the retailer’s stock worth $1,032,000 after acquiring an additional 4,741 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Target by 754.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 446,344 shares of the retailer’s stock worth $46,264,000 after acquiring an additional 394,124 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.1%

NYSE TGT opened at $94.34 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The company has a market capitalization of $42.87 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company’s 50-day simple moving average is $91.98 and its two-hundred day simple moving average is $96.40. Target Corporation has a one year low of $85.36 and a one year high of $158.42.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 4.8%. Target’s payout ratio is 53.15%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TGT shares. UBS Group lowered their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 21st. BTIG Research started coverage on shares of Target in a report on Tuesday, October 14th. They set a “neutral” rating for the company. DA Davidson decreased their price objective on shares of Target from $115.00 to $108.00 and set a “buy” rating for the company in a report on Monday, October 13th. Truist Financial decreased their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Finally, Jefferies Financial Group decreased their price objective on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.00.

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.