APG Asset Management N.V. increased its stake in Target Corporation (NYSE:TGT) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,334,286 shares of the retailer’s stock after buying an additional 3,900 shares during the period. APG Asset Management N.V. owned about 0.78% of Target Corporation worth $239,209,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Dodge & Cox acquired a new position in shares of Target Corporation during the fourth quarter worth about $788,237,000. Norges Bank purchased a new stake in Target Corporation during the fourth quarter valued at about $460,220,000. Renaissance Technologies LLC purchased a new stake in Target Corporation during the fourth quarter valued at about $129,277,000. Equity Investment Corp Acquisition Inc bought a new position in shares of Target Corporation during the fourth quarter worth approximately $128,071,000. Finally, Two Sigma Advisers LP increased its position in shares of Target Corporation by 652.1% in the third quarter. Two Sigma Advisers LP now owns 2,012,067 shares of the retailer’s stock worth $138,189,000 after buying an additional 1,744,553 shares during the last quarter. 83.05% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

Shares of Target Corporation (NYSE TGT) traded down 5.14% during midday trading on Friday, reaching $52.61. The company had a trading volume of 49,483,272 shares. The company has a 50 day moving average price of $55.91 and a 200-day moving average price of $62.06. The firm has a market capitalization of $29.03 billion, a P/E ratio of 10.78 and a beta of 0.58. Target Corporation has a one year low of $48.56 and a one year high of $79.33. Target Corporation also was the recipient of some unusual options trading activity on Friday. Stock traders bought 4,936 call options on the company. This represents an increase of 262% compared to the average daily volume of 1,363 call options.

Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.30. The firm had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. On average, analysts anticipate that Target Corporation will post $4.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.62 per share. This is an increase from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Monday, August 14th. Target Corporation’s payout ratio is currently 48.98%.

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Several research analysts have recently issued reports on TGT shares. BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Buckingham Research reaffirmed a “buy” rating and set a $71.00 target price on shares of Target Corporation in a research note on Wednesday, April 19th. Barclays PLC reduced their target price on Target Corporation from $60.00 to $50.00 and set an “underweight” rating for the company in a report on Wednesday, March 1st. Zacks Investment Research raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, Gordon Haskett began coverage on Target Corporation in a research report on Tuesday, May 9th. They issued a “sell” rating and a $47.00 target price on the stock. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $64.68.

About Target Corporation

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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