Laurel Wealth Advisors Inc. raised its stake in Target Corporation (NYSE:TGT) by 67.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,943 shares of the retailer’s stock after buying an additional 2,393 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Target Corporation were worth $327,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. Cribstone Capital Management LLC raised its position in shares of 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 period. Reilly Financial Advisors LLC raised its position 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 period. Pinnacle Bank acquired a new position in shares of Target Corporation during the first quarter valued at approximately $123,000. Peoples Financial Services CORP. raised its position 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 valued at $125,000 after buying an additional 1,225 shares during the period. Finally, Penserra Capital Management LLC raised its position in shares of Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after buying an additional 204 shares during the period. Institutional investors own 82.59% of the company’s stock.

Shares of Target Corporation (TGT) traded down 0.79% during midday trading on Tuesday, hitting $55.35. 2,704,296 shares of the company were exchanged. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The company has a market capitalization of $30.54 billion, a P/E ratio of 11.34 and a beta of 0.61. The company has a 50-day moving average of $54.26 and a 200 day moving average of $56.29.

Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.30. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The business had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. Target Corporation’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that Target Corporation will post $4.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be given a dividend of $0.62 per share. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 annualized dividend and a yield of 4.45%. Target Corporation’s dividend payout ratio is currently 48.98%.

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Several analysts recently issued reports on TGT shares. Vetr raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $59.66 price objective for the company in a report on Monday, June 19th. ValuEngine downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Target Corporation in a report on Friday, July 14th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $64.00 price objective on shares of Target Corporation in a report on Friday, July 14th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. Target Corporation has an average rating of “Hold” and an average price target of $61.99.

In related news, insider Robert M. Harrison sold 2,639 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $137,359.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Target Corporation Company Profile

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

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