BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $12.03 Million Holdings in Target Co. (NYSE:TGT)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in Target Co. (NYSE:TGT) by 12.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 77,195 shares of the retailer’s stock after selling 11,244 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Target were worth $12,032,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TGT. Triad Wealth Partners LLC bought a new position in shares of Target in the second quarter valued at approximately $25,000. Slocum Gordon & Co LLP purchased a new stake in Target in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new position in Target during the 2nd quarter valued at $31,000. Wolff Wiese Magana LLC boosted its holdings in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Target in the 2nd quarter worth $37,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insiders Place Their Bets

In other news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. UBS Group lifted their target price on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company cut their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. Finally, TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $160.30.

Target Trading Up 1.7 %

Shares of Target stock opened at $132.31 on Friday. The company’s 50-day moving average price is $148.86 and its 200-day moving average price is $148.51. 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 Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a market cap of $60.95 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 2.13 and a beta of 1.24.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.10 earnings per share. On average, equities analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is 47.51%.

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.