CHICAGO TRUST Co NA lowered its stake in Target Corp. (NYSE:TGT) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,624 shares of the retailer’s stock after selling 1,784 shares during the period. CHICAGO TRUST Co NA’s holdings in Target Corp. were worth $2,515,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC increased its position in Target Corp. by 557.3% in the first quarter. Squarepoint Ops LLC now owns 18,259 shares of the retailer’s stock valued at $1,502,000 after buying an additional 15,481 shares in the last quarter. Logan Capital Management Inc. increased its position in Target Corp. by 15.4% in the first quarter. Logan Capital Management Inc. now owns 3,426 shares of the retailer’s stock valued at $282,000 after buying an additional 456 shares in the last quarter. Iowa State Bank increased its position in Target Corp. by 2.6% in the second quarter. Iowa State Bank now owns 51,242 shares of the retailer’s stock valued at $3,578,000 after buying an additional 1,275 shares in the last quarter. Fulton Bank N.A. increased its position in Target Corp. by 22.4% in the second quarter. Fulton Bank N.A. now owns 3,966 shares of the retailer’s stock valued at $277,000 after buying an additional 725 shares in the last quarter. Finally, Indiana Trust & Investment Management CO increased its position in Target Corp. by 14.6% in the second quarter. Indiana Trust & Investment Management CO now owns 6,984 shares of the retailer’s stock valued at $488,000 after buying an additional 891 shares in the last quarter. 84.76% of the stock is currently 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 0.89% during mid-day trading on Tuesday, hitting $78.41. 4,693,985 shares of the stock traded hands. The firm’s 50-day moving average is $70.42 and its 200-day moving average is $70.57. The stock has a market cap of $44.20 billion, a price-to-earnings ratio of 13.95 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The business earned $16.44 billion during the quarter, compared to analyst estimates of $16.30 billion. Target Corp. had a return on equity of 25.18% and a net margin of 4.75%. Target Corp.’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. On average, analysts forecast that Target Corp. will post $5.20 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s dividend payout ratio is currently 42.93%.

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Several research firms have commented on TGT. Telsey Advisory Group decreased their price objective on shares of Target Corp. from $88.00 to $82.00 and set an “outperform” rating on the stock in a report on Thursday, August 18th. Vetr upgraded shares of Target Corp. from a “hold” rating to a “buy” rating and set a $79.09 price target on the stock in a research note on Monday, August 1st. Piper Jaffray Cos. restated an “overweight” rating and issued a $86.00 price target on shares of Target Corp. in a research note on Wednesday, August 17th. Cowen and Company restated an “outperform” rating and issued a $75.00 price target (down from $81.00) on shares of Target Corp. in a research note on Wednesday, August 17th. Finally, Nomura set a $75.00 price target on shares of Target Corp. and gave the company a “hold” rating in a research note on Thursday, August 18th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. Target Corp. currently has a consensus rating of “Hold” and an average target price of $75.02.

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 value of $298,555.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by company insiders.

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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