Janus Capital Management LLC lowered its position in shares of Target Corporation (NYSE:TGT) by 19.8% during the first quarter, Holdings Channel reports. The institutional investor owned 219,832 shares of the retailer’s stock after selling 54,115 shares during the period. Janus Capital Management LLC’s holdings in Target Corporation were worth $12,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cribstone Capital Management LLC increased its position in shares of Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock worth $101,000 after buying an additional 1,016 shares in the last quarter. Reilly Financial Advisors LLC increased its position in shares of Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock worth $110,000 after buying an additional 874 shares in the last quarter. Pinnacle Bank acquired a new position in shares of Target Corporation during the first quarter worth $123,000. Peoples Financial Services CORP. increased its position in shares of Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock worth $125,000 after buying an additional 1,225 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 82.63% of the company’s stock.

Target Corporation (NYSE:TGT) traded up 0.02% on Friday, hitting $55.65. The stock had a trading volume of 6,022,770 shares. The company has a market capitalization of $30.70 billion, a PE ratio of 11.40 and a beta of 0.61. The company has a 50 day moving average of $54.12 and a 200 day moving average of $56.47. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. Target Corporation also saw unusually large options trading activity on Wednesday. Stock investors acquired 13,826 put options on the stock. This is an increase of approximately 188% compared to the average volume of 4,793 put options.

Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.30. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The company had revenue of $16.02 billion for the quarter, compared to analysts’ expectations of $15.63 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Target Corporation’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts expect that Target Corporation will post $4.39 earnings per share for the current year.

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

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A number of research analysts have commented on TGT shares. Vetr upgraded 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. ValuEngine downgraded Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird restated a “neutral” rating and issued a $55.00 target price on shares of Target Corporation in a research note on Friday, July 14th. Finally, Cowen and Company restated a “market perform” rating and issued a $64.00 target price on shares of Target Corporation in a research note on Friday, July 14th. 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 stock. Target Corporation has an average rating of “Hold” and a consensus target price of $61.99.

In related news, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

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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