Edmond DE Rothschild Holding S.A. cut its stake in shares of Target Corporation (NYSE:TGT) by 33.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,340 shares of the retailer’s stock after selling 8,200 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Target Corporation were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in TGT. BlackRock Inc. grew its stake in Target Corporation by 2,069.0% in the 1st quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock worth $2,596,495,000 after buying an additional 44,877,391 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Target Corporation by 8.7% in the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after buying an additional 1,686,774 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Target Corporation by 14.2% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock valued at $568,896,000 after buying an additional 1,279,077 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Target Corporation by 43.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock valued at $197,565,000 after buying an additional 1,143,598 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Target Corporation by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 9,555,703 shares of the retailer’s stock valued at $527,380,000 after buying an additional 996,689 shares in the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

Target Corporation (NYSE:TGT) opened at 59.01 on Monday. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The company has a market capitalization of $32.23 billion, a P/E ratio of 11.92 and a beta of 0.62. The company has a 50-day moving average of $56.82 and a 200-day moving average of $55.00.

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

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.20%. Target Corporation’s payout ratio is 50.00%.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through this link. Also, 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 transaction of $137,359.95. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

A number of research firms recently commented on TGT. Vetr raised Target Corporation from a “hold” rating to a “buy” rating and set a $59.66 target price on the stock in a research note on Monday, June 19th. BidaskClub upgraded Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price target on shares of Target Corporation in a research note on Friday, July 14th. MKM Partners lifted their price target on Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $64.00 price objective on shares of Target Corporation in a report on Friday, July 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $61.64.

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About Target Corporation

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.

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

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