State of New Jersey Common Pension Fund D maintained its position in shares of Target Corporation (NYSE:TGT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,880 shares of the retailer’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned 0.06% of Target Corporation worth $18,557,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in Target Corporation by 21.3% in the first quarter. State of Alaska Department of Revenue now owns 56,291 shares of the retailer’s stock valued at $3,105,000 after buying an additional 9,891 shares during the period. TRUE Private Wealth Advisors boosted its stake in Target Corporation by 0.9% in the first quarter. TRUE Private Wealth Advisors now owns 4,488 shares of the retailer’s stock valued at $238,000 after buying an additional 38 shares during the period. Motco boosted its stake in Target Corporation by 1.0% in the first quarter. Motco now owns 49,951 shares of the retailer’s stock valued at $2,757,000 after buying an additional 508 shares during the period. Monarch Capital Management Inc. boosted its stake in Target Corporation by 8.0% in the first quarter. Monarch Capital Management Inc. now owns 20,245 shares of the retailer’s stock valued at $1,117,000 after buying an additional 1,500 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its stake 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 valued at $2,091,000 after buying an additional 13,545 shares during the period. 82.59% of the stock is owned by hedge funds and other institutional investors.

Target Corporation (NYSE TGT) opened at 55.01 on Monday. The stock’s 50 day moving average price is $55.11 and its 200-day moving average price is $55.88. The firm has a market capitalization of $30.05 billion, a price-to-earnings ratio of 11.12 and a beta of 0.61. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33.

Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. The business had revenue of $16.43 billion for the quarter, compared to analysts’ expectations of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. Equities analysts anticipate that Target Corporation will post $4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Monday, August 14th. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio (DPR) is 50.00%.

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Several analysts have recently weighed in on TGT shares. ValuEngine cut Target Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC restated a “hold” rating and set a $59.00 price target (up from $56.00) on shares of Target Corporation in a report on Friday, May 19th. Vetr upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 price target on the stock in a report on Wednesday, May 10th. Zacks Investment Research upgraded Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, BidaskClub upgraded Target Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have assigned a buy rating to the company’s stock. Target Corporation has a consensus rating of “Hold” and an average target price of $61.64.

In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company 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.

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

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