First National Bank of Omaha reduced its position in Target Corp. (NYSE:TGT) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,252 shares of the retailer’s stock after selling 2,540 shares during the period. First National Bank of Omaha’s holdings in Target Corp. were worth $3,177,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ropes Wealth Advisors LLC increased its position in shares of Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock worth $107,000 after buying an additional 127 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in shares of Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock worth $119,000 after buying an additional 500 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock worth $154,000 after buying an additional 42 shares in the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock worth $165,000 after buying an additional 100 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of Target Corp. by 25.5% in the second quarter. Joel Isaacson & Co. LLC now owns 2,401 shares of the retailer’s stock worth $168,000 after buying an additional 488 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

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

Target Corp. (NYSE:TGT) traded down 1.13% during mid-day trading on Monday, reaching $77.72. 5,405,472 shares of the company traded hands. The stock’s 50 day moving average price is $70.42 and its 200 day moving average price is $70.57. Target Corp. has a 52 week low of $65.50 and a 52 week high of $84.14. The firm has a market capitalization of $43.81 billion, a price-to-earnings ratio of 13.83 and a beta of 0.59.

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

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

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A number of equities analysts have commented on the stock. Cowen and Company restated an “outperform” rating and issued a $75.00 target price (down from $81.00) on shares of Target Corp. in a research note on Wednesday, August 17th. Vetr cut shares of Target Corp. from a “buy” rating to a “sell” rating and set a $66.50 price target for the company. in a research report on Monday, October 3rd. Zacks Investment Research raised shares of Target Corp. from a “sell” rating to a “hold” rating and set a $85.00 price target for the company in a research report on Monday, November 14th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $72.00 price target on shares of Target Corp. in a research report on Sunday, August 21st. Finally, Jefferies Group set a $72.00 price target on shares of Target Corp. and gave the stock a “hold” rating in a research report on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.02.

In related news, Director Anne M. Mulcahy sold 3,957 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $75.45, for a total value of $298,555.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

About Target Corp.

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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