Peddock Capital Advisors LLC boosted its position in Target Co. (NYSE:TGT) by 1.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,438 shares of the retailer’s stock after buying an additional 224 shares during the period. Peddock Capital Advisors LLC’s holdings in Target were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Advisory Alpha LLC bought a new stake in Target in the first quarter valued at about $30,000. Icon Wealth Partners LLC bought a new stake in Target in the first quarter valued at about $31,000. Larson Financial Group LLC bought a new stake in Target in the second quarter valued at about $31,000. C J Advisory Inc bought a new stake in Target in the first quarter valued at about $33,000. Finally, Buffington Mohr McNeal bought a new stake in Target in the first quarter valued at about $35,000. 82.12% of the stock is owned by hedge funds and other institutional investors.

TGT stock traded up $2.42 during midday trading on Thursday, reaching $105.42. The company had a trading volume of 1,326,065 shares, compared to its average volume of 5,221,293. The company has a quick ratio of 0.19, a current ratio of 0.88 and a debt-to-equity ratio of 1.21. The stock has a 50 day moving average price of $86.19 and a 200 day moving average price of $80.56. Target Co. has a fifty-two week low of $60.15 and a fifty-two week high of $103.38. The firm has a market capitalization of $44.36 billion, a PE ratio of 19.56, a P/E/G ratio of 2.07 and a beta of 0.61.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.21. The business had revenue of $18.42 billion during the quarter, compared to the consensus estimate of $18.32 billion. Target had a return on equity of 26.48% and a net margin of 3.96%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. Research analysts predict that Target Co. will post 5.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Target’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a dividend yield of 2.50%. Target’s payout ratio is currently 47.50%.

TGT has been the subject of several research analyst reports. Credit Suisse Group set a $90.00 price objective on Target and gave the company a “buy” rating in a report on Thursday, May 23rd. Citigroup upgraded Target from a “neutral” rating to a “buy” rating and lifted their target price for the company from $80.00 to $130.00 in a research note on Thursday. Robert W. Baird set a $90.00 target price on Target and gave the company a “buy” rating in a research note on Monday, August 12th. KeyCorp lifted their target price on Target from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Deutsche Bank upgraded Target from a “hold” rating to a “buy” rating and lifted their target price for the company from $85.00 to $99.00 in a research note on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $98.11.

In other news, insider Michael Edward Mcnamara sold 11,891 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $88.79, for a total transaction of $1,055,801.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 4,163 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $89.00, for a total value of $370,507.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,421 shares of company stock valued at $2,162,689. Insiders own 0.24% of the company’s stock.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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