Target Co. (NYSE:TGT) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its position in Target Co. (NYSE:TGT) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 698,696 shares of the retailer’s stock after purchasing an additional 73,013 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Target were worth $94,429,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TGT. Invst LLC raised its holdings in shares of Target by 2.4% in the third quarter. Invst LLC now owns 11,760 shares of the retailer’s stock valued at $1,833,000 after buying an additional 276 shares during the last quarter. Westside Investment Management Inc. raised its stake in Target by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock valued at $257,000 after acquiring an additional 90 shares during the last quarter. World Investment Advisors LLC raised its stake in Target by 142.5% during the 3rd quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock valued at $1,026,000 after acquiring an additional 3,870 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in Target during the 3rd quarter worth approximately $1,684,000. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Target by 331.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer’s stock valued at $2,242,000 after purchasing an additional 11,054 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TGT. Oppenheimer decreased their price target on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Citigroup reduced their target price on shares of Target from $120.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday. Telsey Advisory Group dropped their price target 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. Truist Financial reduced their price objective on shares of Target from $124.00 to $82.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Finally, Roth Mkm reiterated a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $132.37.

Target Stock Performance

Target stock opened at $93.13 on Friday. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $169.09. The company has a market capitalization of $42.43 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.94 and a beta of 1.28. The stock has a fifty day moving average of $109.77 and a two-hundred day moving average of $130.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its earnings results 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 net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

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

Target 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.