Quantbot Technologies LP cut its stake in shares of Target Corporation (NYSE:TGT) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,216 shares of the retailer’s stock after selling 4,717 shares during the quarter. Quantbot Technologies LP’s holdings in Target Corporation were worth $1,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its stake in shares of Target Corporation by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after acquiring an additional 19 shares in the last quarter. Compton Capital Management Inc. RI boosted its stake in shares of Target Corporation by 0.4% during the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after acquiring an additional 32 shares in the last quarter. Gamble Jones Investment Counsel boosted its stake in shares of Target Corporation by 0.4% during the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after acquiring an additional 44 shares in the last quarter. Carlson Capital Management boosted its stake in shares of Target Corporation by 0.9% during the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after acquiring an additional 69 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Target Corporation by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after acquiring an additional 74 shares in the last quarter. 83.22% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on TGT. BMO Capital Markets reissued a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. TheStreet raised Target Corporation from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Vetr lowered Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a research note on Monday, August 7th. BidaskClub raised Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Finally, MKM Partners raised their price objective on Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Target Corporation currently has an average rating of “Hold” and an average price target of $61.62.

Shares of Target Corporation (NYSE:TGT) opened at 58.38 on Friday. The firm has a market cap of $31.89 billion, a PE ratio of 11.80 and a beta of 0.62. The company’s 50-day moving average price is $57.52 and its 200-day moving average price is $55.32. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33.

Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. Equities analysts expect that Target Corporation will post $4.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is presently 50.00%.

Target Corporation 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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