US Bancorp DE reduced its stake in Target Corporation (NYSE:TGT) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,820,431 shares of the retailer’s stock after selling 43,985 shares during the period. US Bancorp DE owned 0.33% of Target Corporation worth $100,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cribstone Capital Management LLC increased its position in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in shares of Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the last quarter. Pinnacle Bank bought a new stake in shares of Target Corporation during the first quarter worth about $123,000. Peoples Financial Services CORP. increased its stake in shares of Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock worth $125,000 after buying an additional 1,225 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Target Corporation during the first quarter worth about $138,000. Institutional investors and hedge funds own 83.05% of the company’s stock.

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

Shares of Target Corporation (TGT) opened at 55.46 on Friday. The company has a 50-day moving average of $55.91 and a 200 day moving average of $62.06. Target Corporation has a one year low of $52.72 and a one year high of $79.33. The firm has a market cap of $30.60 billion, a PE ratio of 11.36 and a beta of 0.58.

Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. Target Corporation’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS. On average, equities research analysts expect that Target Corporation will post $4.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be given a $0.62 dividend. The ex-dividend date is Monday, August 14th. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a dividend yield of 4.47%. Target Corporation’s dividend payout ratio (DPR) is 48.98%.

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A number of equities analysts have commented on the stock. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 price target for the company. in a research note on Monday. Zacks Investment Research raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, June 6th. ValuEngine lowered shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price objective (up previously from $56.00) on shares of Target Corporation in a report on Friday, May 19th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. Target Corporation presently has a consensus rating of “Hold” and a consensus 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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