Ajo LP cut its stake in Target Corp. (NYSE:TGT) by 26.1% during the second quarter, Holdings Channel reports. The institutional investor owned 35,087 shares of the retailer’s stock after selling 12,361 shares during the period. Ajo LP’s holdings in Target Corp. were worth $2,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. Acadian Asset Management LLC increased its position in shares of Target Corp. by 9.3% in the first quarter. Acadian Asset Management LLC now owns 467,395 shares of the retailer’s stock valued at $38,457,000 after buying an additional 39,865 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its position in Target Corp. by 1.6% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 61,370 shares of the retailer’s stock valued at $5,050,000 after buying an additional 949 shares during the last quarter. Gradient Investments LLC boosted its position in Target Corp. by 21,242.1% in the first quarter. Gradient Investments LLC now owns 49,727 shares of the retailer’s stock valued at $4,092,000 after buying an additional 49,494 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Target Corp. by 4.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 15,377 shares of the retailer’s stock valued at $1,265,000 after buying an additional 610 shares during the last quarter. Finally, Searle & CO. bought a new position in Target Corp. during the first quarter valued at $266,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Target Corp. (NYSE:TGT) traded up 0.17% on Monday, reaching $69.35. 1,248,839 shares of the company traded hands. The stock has a 50 day moving average of $72.32 and a 200-day moving average of $74.99. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14. The stock has a market capitalization of $39.86 billion, a price-to-earnings ratio of 12.83 and a beta of 0.68.

Target Corp. (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. The company earned $16.20 billion during the quarter. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. Target Corp.’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. On average, equities analysts anticipate that Target Corp. will post $4.96 EPS for the current year.

Several research analysts have recently weighed in on the stock. Goldman Sachs Group Inc. reissued a “hold” rating on shares of Target Corp. in a report on Sunday, May 22nd. Vetr cut shares of Target Corp. from a “buy” rating to a “hold” rating and set a $75.39 price objective for the company. in a report on Monday, July 11th. Telsey Advisory Group decreased their price objective on shares of Target Corp. from $88.00 to $82.00 and set an “outperform” rating for the company in a report on Thursday, August 18th. Zacks Investment Research cut shares of Target Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Finally, Cowen and Company reissued an “outperform” rating and set a $75.00 price objective (down from $81.00) on shares of Target Corp. in a report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $77.12.

About Target Corp.

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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