Ontario Teachers Pension Plan Board Has $784,000 Stock Holdings in Target Corporation $TGT

Ontario Teachers Pension Plan Board lowered its position in Target Corporation (NYSE:TGT) by 58.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,736 shares of the retailer’s stock after selling 12,139 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Target were worth $784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA of San Diego LLC acquired a new stake in Target in the 2nd quarter valued at $25,000. Heartwood Wealth Advisors LLC bought a new position in shares of Target in the third quarter valued at $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at about $31,000. Key Financial Inc increased its position in shares of Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after acquiring an additional 151 shares in the last quarter. Finally, VSM Wealth Advisory LLC raised its holdings in shares of Target by 1,113.8% in the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after acquiring an additional 323 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $115.71 on Friday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $130.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The stock’s fifty day moving average price is $105.70 and its two-hundred day moving average price is $97.36. The firm has a market cap of $52.40 billion, a PE ratio of 14.04, a PEG ratio of 11.82 and a beta of 1.14.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The company had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 EPS. On average, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 3.9%. Target’s dividend payout ratio (DPR) is currently 55.34%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of analyst reports. Evercore set a $105.00 price target on Target in a research note on Tuesday. Mizuho cut their target price on Target from $94.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price objective on shares of Target in a research note on Wednesday, February 11th. DA Davidson set a $120.00 target price on shares of Target in a research note on Monday, January 12th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price objective (down from $94.00) on shares of Target in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.45.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.