Fayerweather Charles decreased its position in Target Corporation (NYSE:TGT) by 21.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,310 shares of the retailer’s stock after selling 1,150 shares during the period. Fayerweather Charles’ holdings in Target Corporation were worth $237,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TGT. Fulton Bank N.A. acquired a new stake in Target Corporation during the first quarter worth $212,000. National Pension Service boosted its stake in Target Corporation by 7.1% in the first quarter. National Pension Service now owns 454,612 shares of the retailer’s stock worth $25,117,000 after buying an additional 30,044 shares during the period. Carroll Financial Associates Inc. boosted its stake in Target Corporation by 5.8% in the first quarter. Carroll Financial Associates Inc. now owns 2,664 shares of the retailer’s stock worth $147,000 after buying an additional 147 shares during the period. Bank of Montreal Can boosted its stake in Target Corporation by 29.1% in the first quarter. Bank of Montreal Can now owns 1,045,560 shares of the retailer’s stock worth $57,704,000 after buying an additional 235,920 shares during the period. Finally, Gradient Investments LLC boosted its stake in Target Corporation by 30.2% in the first quarter. Gradient Investments LLC now owns 93,276 shares of the retailer’s stock worth $5,148,000 after buying an additional 21,631 shares during the period. Institutional investors own 82.63% of the company’s stock.

Target Corporation (NYSE:TGT) traded up 0.07% during mid-day trading on Friday, reaching $55.68. The company had a trading volume of 2,452,439 shares. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The stock has a market capitalization of $30.72 billion, a P/E ratio of 11.41 and a beta of 0.61. The stock has a 50 day moving average price of $53.97 and a 200-day moving average price of $56.53. Target Corporation also was the recipient of unusually large options trading on Tuesday. Traders purchased 43,644 call options on the company. This represents an increase of 350% compared to the typical volume of 9,688 call options.

Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The firm had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. During the same period in the prior year, the business earned $1.29 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts anticipate that Target Corporation will post $4.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be issued a $0.62 dividend. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation’s dividend payout ratio is presently 48.98%.

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A number of research firms recently weighed in on TGT. Vetr upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 price target on the stock in a research note on Wednesday, May 10th. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Gordon Haskett began coverage on Target Corporation in a research note on Tuesday, May 9th. They issued a “sell” rating and a $47.00 price target on the stock. Zacks Investment Research upgraded Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $59.00 price target (up previously from $56.00) on shares of Target Corporation in a research note on Friday, May 19th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $61.99.

In other news, insider Robert M. Harrison sold 2,639 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Target Corporation 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 Corporation (NYSE:TGT)

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