Trust Co. of Vermont reduced its position in shares of Target Corporation (NYSE:TGT) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,230 shares of the retailer’s stock after selling 1,380 shares during the period. Trust Co. of Vermont’s holdings in Target Corporation were worth $1,215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TGT. Guardian Investment Management bought a new position in Target Corporation during the first quarter worth $782,000. Adams Asset Advisors LLC increased its position in Target Corporation by 12.1% in the first quarter. Adams Asset Advisors LLC now owns 57,373 shares of the retailer’s stock worth $3,166,000 after buying an additional 6,200 shares in the last quarter. Hollencrest Securities LLC bought a new position in Target Corporation during the first quarter worth $1,016,000. Northern Capital Management LLC increased its position in Target Corporation by 67.9% in the first quarter. Northern Capital Management LLC now owns 22,900 shares of the retailer’s stock worth $1,264,000 after buying an additional 9,260 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its position in Target Corporation by 55.6% in the first quarter. Murphy Pohlad Asset Management LLC now owns 37,888 shares of the retailer’s stock worth $2,091,000 after buying an additional 13,545 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.

Shares of Target Corporation (NYSE TGT) traded up 1.24% during mid-day trading on Friday, reaching $54.88. 2,937,668 shares of the company’s stock traded hands. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a market cap of $29.98 billion, a P/E ratio of 11.09 and a beta of 0.61. The company’s 50 day moving average is $55.01 and its 200 day moving average is $55.94. Target Corporation also was the recipient of some unusual options trading activity on Thursday. Stock investors bought 27,938 put options on the company. This is an increase of 146% compared to the typical daily volume of 11,363 put options.

Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion for the quarter, compared to analysts’ expectations of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. On average, analysts predict that Target Corporation will post $4.50 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.57%. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 14th. Target Corporation’s dividend payout ratio is presently 50.00%.

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Several research analysts have recently commented on TGT shares. Vetr upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 target price for the company in a research note on Wednesday, May 10th. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Gordon Haskett started coverage on Target Corporation in a research note on Tuesday, May 9th. They set a “sell” rating and a $47.00 target price for the company. MKM Partners lifted their target price on Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $67.00 target price (up from $62.00) on shares of Target Corporation in a research note on Friday, August 18th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $61.64.

In related news, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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.

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

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