Loudon Investment Management LLC cut its holdings in Target Co. (NYSE:TGT) by 46.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,255 shares of the retailer’s stock after selling 2,800 shares during the period. Loudon Investment Management LLC’s holdings in Target were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of TGT. Harvest Fund Management Co. Ltd bought a new position in shares of Target in the 3rd quarter worth about $104,000. Sun Life Financial INC raised its position in shares of Target by 739.5% in the 2nd quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock worth $110,000 after acquiring an additional 1,272 shares in the last quarter. CSat Investment Advisory L.P. bought a new position in shares of Target in the 2nd quarter worth about $114,000. Duncker Streett & Co. Inc. raised its position in shares of Target by 1,435.0% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock worth $117,000 after acquiring an additional 1,435 shares in the last quarter. Finally, Squar Milner Financial Services LLC bought a new position in shares of Target in the 2nd quarter worth about $129,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE TGT opened at $86.94 on Monday. Target Co. has a twelve month low of $54.04 and a twelve month high of $90.39. The company has a market capitalization of $45.76 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.40 and a beta of 0.73. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 1.09.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 22nd. The retailer reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.07. Target had a return on equity of 24.29% and a net margin of 4.19%. The firm had revenue of $17.78 billion for the quarter, compared to the consensus estimate of $17.33 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast that Target Co. will post 5.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.94%. Target’s payout ratio is presently 54.35%.

Several research firms have recently weighed in on TGT. Cowen raised Target from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Wednesday, November 7th. BMO Capital Markets started coverage on Target in a research report on Monday, September 17th. They issued a “market perform” rating and a $88.00 target price for the company. Citigroup boosted their target price on Target from $76.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, August 27th. Deutsche Bank set a $90.00 target price on Target and gave the company a “hold” rating in a research report on Saturday, August 25th. Finally, Credit Suisse Group set a $86.00 target price on Target and gave the company a “hold” rating in a research report on Saturday, August 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Target presently has a consensus rating of “Hold” and a consensus target price of $88.74.

In other news, insider Janna A. Potts sold 15,172 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $88.00, for a total value of $1,335,136.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie A. Lundquist sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total value of $180,600.00. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

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Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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