Wills Financial Group Inc. lessened its stake in shares of Target Co. (NYSE:TGT) by 32.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,147 shares of the retailer’s stock after selling 9,498 shares during the quarter. Wills Financial Group Inc.’s holdings in Target were worth $1,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TGT. BlackRock Inc. grew its stake in shares of Target by 5.3% during the second quarter. BlackRock Inc. now owns 42,770,603 shares of the retailer’s stock worth $3,255,697,000 after buying an additional 2,161,982 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Target during the second quarter worth $105,222,000. CIBC World Markets Inc. grew its stake in shares of Target by 13,948.9% during the first quarter. CIBC World Markets Inc. now owns 811,322 shares of the retailer’s stock worth $56,330,000 after buying an additional 805,547 shares during the last quarter. Tyvor Capital LLC bought a new stake in shares of Target during the second quarter worth $46,411,000. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in shares of Target during the second quarter worth $44,644,000. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:TGT traded up $0.52 during midday trading on Monday, hitting $89.26. 67,316 shares of the company’s stock were exchanged, compared to its average volume of 5,574,513. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.82 and a quick ratio of 0.17. The company has a market cap of $46.71 billion, a PE ratio of 19.14, a PEG ratio of 2.45 and a beta of 0.69. Target Co. has a 12 month low of $54.04 and a 12 month high of $90.19.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 22nd. The retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $17.78 billion during the quarter, compared to the consensus estimate of $17.33 billion. Target had a net margin of 4.19% and a return on equity of 24.29%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 earnings per share. equities research analysts expect that Target Co. will post 5.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This is an increase from Target’s previous quarterly dividend of $0.62. This represents a $2.56 annualized dividend and a dividend yield of 2.87%. Target’s payout ratio is presently 54.35%.

A number of brokerages have recently commented on TGT. Citigroup lifted their price target on shares of Target from $76.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, August 27th. Stifel Nicolaus lifted their price target on shares of Target from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Thursday, August 23rd. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Monday, May 14th. MKM Partners set a $91.00 target price on shares of Target and gave the company a “buy” rating in a report on Tuesday, June 5th. Finally, Wolfe Research upgraded shares of Target from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Target presently has a consensus rating of “Hold” and an average target price of $87.67.

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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