Jacobs & Co. CA boosted its stake in Target Corp. (NYSE:TGT) by 0.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 98,913 shares of the retailer’s stock after buying an additional 540 shares during the period. Target Corp. accounts for about 1.5% of Jacobs & Co. CA’s investment portfolio, making the stock its 26th largest position. Jacobs & Co. CA’s holdings in Target Corp. were worth $6,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ropes Wealth Advisors LLC boosted its position in Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock valued at $107,000 after buying an additional 127 shares during the last quarter. Arcadia Investment Management Corp MI boosted its position in Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock valued at $154,000 after buying an additional 42 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in Target Corp. during the second quarter valued at $168,000. Hedge funds and other institutional investors own 84.37% of the company’s stock.

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

Shares of Target Corp. (NYSE:TGT) traded up 0.17% on Friday, hitting $78.61. The company had a trading volume of 2,543,818 shares. The firm’s 50 day moving average price is $70.18 and its 200-day moving average price is $70.66. The stock has a market capitalization of $44.31 billion, a PE ratio of 13.99 and a beta of 0.59. Target Corp. has a 52 week low of $65.50 and a 52 week high of $84.14.

Target Corp. (NYSE:TGT) last issued its earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The company earned $16.44 billion during the quarter, compared to analysts’ expectations of $16.30 billion. Target Corp. had a return on equity of 25.18% and a net margin of 4.75%. Target Corp.’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. Analysts forecast that Target Corp. will post $5.20 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s payout ratio is 42.93%.

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Several analysts have recently issued reports on the company. Cowen and Company reissued an “outperform” rating and set a $75.00 target price (down from $81.00) on shares of Target Corp. in a report on Wednesday, August 17th. Vetr lowered Target Corp. from a “buy” rating to a “sell” rating and set a $66.50 target price on the stock. in a report on Monday, October 3rd. Zacks Investment Research raised Target Corp. from a “sell” rating to a “hold” rating and set a $85.00 target price on the stock in a report on Monday, November 14th. Credit Suisse Group AG reissued a “hold” rating and set a $72.00 target price on shares of Target Corp. in a report on Sunday, August 21st. Finally, Jefferies Group set a $72.00 target price on Target Corp. and gave the stock a “hold” rating in a report on Tuesday, October 4th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.62.

In other Target Corp. news, Director Anne M. Mulcahy sold 3,957 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

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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