Target Co. (NYSE:TGT) Stock Holdings Increased by Alberta Investment Management Corp

Alberta Investment Management Corp lifted its position in Target Co. (NYSE:TGT) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,700 shares of the retailer’s stock after acquiring an additional 6,400 shares during the period. Alberta Investment Management Corp’s holdings in Target were worth $5,096,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TGT. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at approximately $28,000. MCF Advisors LLC grew its position in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target in the third quarter worth $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the third quarter worth $38,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 0.5 %

Shares of TGT stock opened at $130.76 on Thursday. The firm has a fifty day moving average of $134.75 and a 200-day moving average of $142.84. The company has a quick ratio of 0.25, a current ratio of 0.94 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 capitalization of $59.92 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.94 and a beta of 1.15.

Target (NYSE:TGT) last issued its quarterly earnings data 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 company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 EPS. As a group, equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.43%. Target’s payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGT. Evercore ISI reduced their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Citigroup raised their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Truist Financial increased their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, StockNews.com cut shares of Target from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $157.70.

About Target

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.