National Pension Service raised its stake in Target Co. (NYSE:TGT) by 1.3% in the fourth quarter, reports. The fund owned 533,989 shares of the retailer’s stock after purchasing an additional 6,722 shares during the period. National Pension Service’s holdings in Target were worth $34,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in Target by 3.5% in the fourth quarter. Bank of Montreal Can now owns 1,562,115 shares of the retailer’s stock valued at $101,928,000 after acquiring an additional 52,152 shares during the period. USS Investment Management Ltd lifted its holdings in Target by 13.7% in the fourth quarter. USS Investment Management Ltd now owns 387,900 shares of the retailer’s stock valued at $25,312,000 after acquiring an additional 46,700 shares during the period. Legacy Private Trust Co. lifted its holdings in Target by 55.8% in the fourth quarter. Legacy Private Trust Co. now owns 24,745 shares of the retailer’s stock valued at $1,615,000 after acquiring an additional 8,867 shares during the period. BLB&B Advisors LLC lifted its holdings in Target by 12.7% in the fourth quarter. BLB&B Advisors LLC now owns 47,978 shares of the retailer’s stock valued at $3,131,000 after acquiring an additional 5,398 shares during the period. Finally, Pennsylvania Trust Co lifted its holdings in Target by 9.1% in the fourth quarter. Pennsylvania Trust Co now owns 24,529 shares of the retailer’s stock valued at $1,605,000 after acquiring an additional 2,044 shares during the period. 87.43% of the stock is owned by institutional investors.

Shares of Target Co. (NYSE TGT) opened at $76.82 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. Target Co. has a 12-month low of $48.56 and a 12-month high of $77.58. The company has a market capitalization of $41,760.00, a P/E ratio of 16.14, a P/E/G ratio of 3.95 and a beta of 0.63.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts predict that Target Co. will post 4.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is 52.10%.

In related news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.

TGT has been the subject of a number of analyst reports. TheStreet raised Target from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Tuesday, October 10th. MKM Partners started coverage on Target in a report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price target for the company. Stifel Nicolaus set a $60.00 target price on Target and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co started coverage on Target in a research note on Friday, November 3rd. They set a “market perform” rating and a $62.00 target price for the company. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.15.

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Target Company Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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