Strs Ohio cut its stake in Target Corporation (NYSE:TGT) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 452,507 shares of the retailer’s stock after selling 10,327 shares during the period. Strs Ohio’s holdings in Target Corporation were worth $23,661,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tompkins Financial Corp boosted its stake in Target Corporation by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock valued at $141,000 after buying an additional 781 shares in the last quarter. Cribstone Capital Management LLC boosted its stake in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares in the last quarter. Pinnacle Bank purchased a new stake in Target Corporation during the first quarter valued at about $123,000. Finally, Peoples Financial Services CORP. boosted its stake in Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Shares of Target Corporation (TGT) opened at 55.79 on Tuesday. The company has a market cap of $30.78 billion, a price-to-earnings ratio of 11.43 and a beta of 0.61. The firm has a 50-day moving average of $54.26 and a 200-day moving average of $56.29. Target Corporation has a one year low of $48.56 and a one year high of $79.33.

Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, beating the Zacks’ 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 business 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 business posted $1.29 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts forecast that Target Corporation will post $4.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.62 per share. 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 dividend on an annualized basis and a yield of 4.45%. Target Corporation’s payout ratio is 48.98%.

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Several analysts have issued reports on the stock. UBS AG reiterated a “neutral” rating and issued a $56.00 target price (down from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 target price on the stock. in a research note on Monday, August 7th. BidaskClub cut shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 target price on shares of Target Corporation in a research note on Tuesday, June 20th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price on shares of Target Corporation in a research note on Friday, July 14th. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. Target Corporation has an average rating of “Hold” and a consensus target price of $61.99.

In other Target Corporation 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 transaction of $137,359.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% 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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