<div id="readability-page-1"><p>Allstate Corp acquired a new position in shares of  Target Co. (NYSE:TGT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,598 shares of the retailer's stock, valued at approximately $1,838,000.</p><ul><li>Target Drops to COVID Lows: Buy the Dip or Cut Losses?</li></ul><p>Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of  Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer's stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter.  Geode Capital Management LLC raised its stake in  Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer's stock worth $1,461,456,000 after purchasing an additional 130,691 shares during the period.  Norges Bank acquired a new position in  Target in the 4th quarter valued at about $757,892,000.  Bank of New York Mellon Corp boosted its holdings in  Target by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer's stock valued at $518,089,000 after purchasing an additional 234,409 shares during the last quarter.  Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of  Target by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer's stock worth $425,118,000 after buying an additional 91,357 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Target Stock Down 2.7 %</h2><p>Shares of NYSE TGT opened at $103.63 on Friday. Target Co. has a 1 year low of $101.76 and a 1 year high of $181.86. The company has a market capitalization of $47.21 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a 50-day moving average of $122.96 and a two-hundred day moving average of $136.46. </p><ul><li>Healthy Energy Drinks? Celsius Holdings Building Out the Space</li></ul><p>Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion.  On average, analysts forecast that  Target Co. will post 8.69 earnings per share for the current fiscal year. </p><h2>Target Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.32%. Target's dividend payout ratio  is currently 50.56%. </p><h2>Analyst Ratings Changes</h2><ul><li>Why Williams-Sonoma Will Hit Fresh Highs in 2025</li></ul><p>Several research analysts recently weighed in on TGT shares. Truist Financial lowered their price objective on Target from $134.00 to $124.00 and set a &#34;hold&#34; rating for the company in a research report on Wednesday, March 5th. UBS Group cut their price objective on Target from $170.00 to $155.00 and set a &#34;buy&#34; rating for the company in a research report on Wednesday, March 5th. Bank of America decreased their target price on shares of Target from $160.00 to $145.00 and set a &#34;buy&#34; rating on the stock in a research report on Wednesday, March 5th. Gordon Haskett cut shares of Target from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Thursday, February 13th. Finally, KGI Securities  set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. One analyst  has rated the stock with a sell rating, seventeen have assigned  a hold rating and fourteen have issued  a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of &#34;Hold&#34; and a consensus price target of $143.40.</p><p><b>Read Our Latest Stock Report on Target</b></p><h2>About Target</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Target</li><li>Energy and Oil Stocks Explained</li><li>MarketBeat Week in Review – 03/24 - 03/28</li><li>Stock Ratings and Recommendations: Understanding Analyst Ratings</li><li>Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>4 Healthcare Stocks With Massive Gains—and More to Come</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRHVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRHVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Target Right Now?</h2><p>Before you consider Target, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target wasn't on the list.</p><p>While Target currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Allstate Corp has acquired a new stake in Target Co. (NYSE:TGT), purchasing 13,598 shares valued at approximately $1.84 million during the fourth quarter. Other institutional investors, including State Street Corp and Geode Capital Management, have also adjusted their positions in Target. The stock is currently down 2.7%, with a market cap of $47.21 billion and a P/E ratio of 10.99. Target recently reported earnings of $2.41 per share, exceeding estimates, and announced a quarterly dividend of $1.12 per share. Analysts have mixed ratings on the stock, with a consensus hold rating.</p>

Allstate Corp Purchases New Stake in Target Co. (NYSE:TGT)