Sit Investment Associates Inc. reduced its stake in Target Corp. (NYSE:TGT) by 44.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 414,775 shares of the retailer’s stock after selling 336,435 shares during the period. Sit Investment Associates Inc. owned about 0.07% of Target Corp. worth $28,960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Quadrant Capital Group LLC raised its position in Target Corp. by 121.8% in the second quarter. Quadrant Capital Group LLC now owns 9,965 shares of the retailer’s stock valued at $685,000 after buying an additional 5,473 shares during the last quarter. SignalPoint Asset Management LLC increased its position in shares of Target Corp. by 8.9% in the second quarter. SignalPoint Asset Management LLC now owns 4,383 shares of the retailer’s stock valued at $306,000 after buying an additional 357 shares during the period. Trillium Asset Management LLC increased its position in shares of Target Corp. by 2.3% in the second quarter. Trillium Asset Management LLC now owns 240,116 shares of the retailer’s stock valued at $16,765,000 after buying an additional 5,378 shares during the period. Savant Capital LLC increased its position in shares of Target Corp. by 28.8% in the second quarter. Savant Capital LLC now owns 4,208 shares of the retailer’s stock valued at $294,000 after buying an additional 940 shares during the period. Finally, Sabal Trust CO increased its position in shares of Target Corp. by 4.7% in the second quarter. Sabal Trust CO now owns 275,555 shares of the retailer’s stock valued at $19,239,000 after buying an additional 12,289 shares during the period. 86.19% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Target Corp. (NYSE:TGT)

Shares of Target Corp. (NYSE:TGT) traded up 0.92% on Friday, reaching $69.04. The company had a trading volume of 3,862,957 shares. The firm has a 50-day moving average price of $69.40 and a 200 day moving average price of $73.53. The firm has a market capitalization of $39.68 billion, a price-to-earnings ratio of 12.78 and a beta of 0.68. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14.

Target Corp. (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.11. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The company earned $16.20 billion during the quarter. During the same quarter in the previous year, the business posted $1.22 earnings per share. Target Corp.’s revenue was down 7.2% on a year-over-year basis. Equities research analysts predict that Target Corp. will post $4.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.48%. Target Corp.’s payout ratio is 44.44%.

TGT has been the topic of several research analyst reports. Vetr downgraded Target Corp. from a “buy” rating to a “hold” rating and set a $72.27 target price on the stock. in a research note on Thursday, June 30th. BMO Capital Markets restated a “market perform” rating and set a $76.00 target price on shares of Target Corp. in a research note on Wednesday, July 6th. Argus restated a “hold” rating on shares of Target Corp. in a research note on Thursday, July 7th. Piper Jaffray Cos. restated an “overweight” rating and set a $86.00 target price on shares of Target Corp. in a research note on Thursday, July 7th. Finally, Zacks Investment Research downgraded Target Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $76.82.

Target Corp. Company Profile

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

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