Target Co. (NYSE:TGT) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in Target Co. (NYSE:TGT - Free Report) by 31.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,090 shares of the retailer's stock after selling 9,275 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Target were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nicholas Company Inc. grew its holdings in Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock worth $7,544,000 after acquiring an additional 9,485 shares during the period. River Road Asset Management LLC boosted its stake in shares of Target by 144.9% during the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock worth $31,699,000 after acquiring an additional 138,751 shares in the last quarter. Sierra Summit Advisors LLC increased its stake in Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock valued at $1,940,000 after purchasing an additional 3,231 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Target during the fourth quarter worth $6,459,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock valued at $2,430,000 after purchasing an additional 3,590 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Up 1.5%

Shares of NYSE TGT traded up $1.49 during trading on Friday, reaching $98.56. 6,355,230 shares of the stock were exchanged, compared to its average volume of 5,906,992. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business's 50-day moving average price is $98.24 and its 200 day moving average price is $121.85. The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Wednesday, May 14th. Target's payout ratio is 50.56%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TGT. Roth Mkm restated a "neutral" rating and set a $122.00 target price (down from $131.00) on shares of Target in a report on Wednesday, March 5th. DA Davidson lowered their target price on Target from $153.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Citigroup reissued a "neutral" rating and set a $97.00 price target (up previously from $95.00) on shares of Target in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Target from $140.00 to $105.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, Telsey Advisory Group dropped their price objective on Target from $145.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $128.13.

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.