Canada Pension Plan Investment Board trimmed its stake in shares of Target Co. (NYSE:TGT - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,088,932 shares of the retailer's stock after selling 47,382 shares during the period. Canada Pension Plan Investment Board owned about 0.24% of Target worth $147,202,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Target in the 4th quarter worth about $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the fourth quarter valued at approximately $30,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC grew its holdings in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Price Performance
Shares of TGT traded up $0.80 during trading hours on Tuesday, reaching $94.58. The company had a trading volume of 1,368,422 shares, compared to its average volume of 5,605,669. The company has a market capitalization of $43.09 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 12-month low of $87.35 and a 12-month high of $169.09. The firm has a 50 day simple moving average of $108.31 and a 200-day simple moving average of $129.18. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Research analysts expect that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is presently 50.56%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on TGT shares. Guggenheim increased their price target on shares of Target from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Mizuho began coverage on Target in a research report on Friday, April 11th. They set a "neutral" rating and a $92.00 price objective for the company. StockNews.com cut shares of Target from a "buy" rating to a "hold" rating in a research report on Tuesday. Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. Finally, Bank of America decreased their price target on Target from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Target currently has a consensus rating of "Hold" and a consensus price target of $132.37.
Check Out Our Latest Analysis on TGT
About Target
(
Free Report)
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.
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