Thrivent Financial For Lutherans raised its stake in Target Corporation (NYSE:TGT) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,140 shares of the retailer’s stock after purchasing an additional 760 shares during the period. Thrivent Financial For Lutherans’ holdings in Target Corporation were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TGT. BlackRock Inc. raised its position in Target Corporation by 2,069.0% in the 1st quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock valued at $2,596,495,000 after purchasing an additional 44,877,391 shares in the last quarter. Franklin Resources Inc. raised its position in Target Corporation by 8.7% in the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock valued at $1,103,994,000 after purchasing an additional 1,686,774 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Target Corporation by 14.2% in 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 purchasing an additional 1,279,077 shares in the last quarter. Prudential Financial Inc. raised its position in Target Corporation by 43.4% in the 2nd quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock valued at $197,565,000 after purchasing an additional 1,143,598 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Target Corporation by 11.6% in 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 purchasing an additional 996,689 shares in the last quarter. 83.22% of the stock is currently owned by institutional investors.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Target Corporation (NYSE:TGT) opened at 58.38 on Friday. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The stock has a market capitalization of $31.89 billion, a P/E ratio of 11.80 and a beta of 0.62. The firm has a 50 day moving average price of $57.52 and a 200 day moving average price of $55.32.

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

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is 50.00%.

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A number of equities research analysts have issued reports on the company. Vetr lowered Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price target on the stock. in a research report on Thursday, July 20th. UBS AG reaffirmed a “neutral” rating and issued a $56.00 price target (down previously from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $67.00 price target (up previously from $62.00) on shares of Target Corporation in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target (up previously from $58.00) on shares of Target Corporation in a research report on Friday, August 18th. Finally, Citigroup Inc. lowered Target Corporation from a “buy” rating to a “neutral” rating and increased their price target for the company from $51.00 to $56.00 in a research report on Wednesday, June 21st. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $61.62.

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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