Canada Post Corp Registered Pension Plan Makes New $987,000 Investment in Target Co. (NYSE:TGT)

Canada Post Corp Registered Pension Plan bought a new position in Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,300 shares of the retailer's stock, valued at approximately $987,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Hopwood Financial Services Inc. acquired a new position in Target in the 4th quarter valued at approximately $29,000. Bernard Wealth Management Corp. acquired a new stake in Target during the fourth quarter worth $30,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC increased its stake in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Trading Up 2.9 %

Target stock traded up $2.67 during trading hours on Friday, hitting $93.13. The company had a trading volume of 5,347,533 shares, compared to its average volume of 5,598,467. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $42.43 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.94 and a beta of 1.28. The company has a 50-day moving average price of $109.77 and a two-hundred day moving average price of $130.28. Target Co. has a 1 year low of $87.35 and a 1 year high of $169.09.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.81%. Target's dividend payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TGT shares. Roth Capital set a $122.00 price objective on Target in a research note on Wednesday, March 5th. Piper Sandler dropped their price objective on Target from $132.00 to $124.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Robert W. Baird downgraded shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 target price on the stock. in a research note on Monday, April 7th. Stifel Nicolaus cut their price target on shares of Target from $130.00 to $120.00 and set a "hold" rating for the company in a report on Thursday, March 20th. Finally, Telsey Advisory Group decreased their price objective on shares of Target from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. One investment 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $132.37.

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.