Pictet Asset Management Ltd. decreased its position in shares of Target Corporation (NYSE:TGT) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 464,398 shares of the retailer’s stock after selling 10,500 shares during the period. Pictet Asset Management Ltd. owned approximately 0.08% of Target Corporation worth $25,612,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TGT. Osborne Partners Capital Management LLC increased its stake in shares of Target Corporation by 0.4% in the first quarter. Osborne Partners Capital Management LLC now owns 75,312 shares of the retailer’s stock valued at $4,156,000 after buying an additional 270 shares in the last quarter. First Manhattan Co. increased its stake in shares of Target Corporation by 41.4% in the first quarter. First Manhattan Co. now owns 38,029 shares of the retailer’s stock valued at $2,611,000 after buying an additional 11,127 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Target Corporation by 8.4% in the first quarter. Sigma Planning Corp now owns 18,060 shares of the retailer’s stock valued at $997,000 after buying an additional 1,397 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Target Corporation by 40.3% in the first quarter. Rehmann Capital Advisory Group now owns 10,267 shares of the retailer’s stock valued at $567,000 after buying an additional 2,947 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its stake in shares of Target Corporation by 29.6% in the first quarter. Buckhead Capital Management LLC now owns 95,504 shares of the retailer’s stock valued at $5,271,000 after buying an additional 21,797 shares in the last quarter. 83.30% of the stock is currently owned by institutional investors.

Shares of Target Corporation (NYSE TGT) opened at 56.22 on Friday. The company has a 50-day moving average of $55.62 and a 200-day moving average of $55.51. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The firm has a market cap of $30.71 billion, a PE ratio of 11.36 and a beta of 0.60.

Target Corporation (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion during 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%. Target Corporation’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. Analysts predict that Target Corporation will post $4.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be given a $0.62 dividend. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 14th. This represents a $2.48 annualized dividend and a yield of 4.41%. Target Corporation’s dividend payout ratio is presently 50.00%.

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TGT has been the topic of several recent analyst reports. BidaskClub downgraded shares of Target Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. ValuEngine downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Gordon Haskett initiated coverage on shares of Target Corporation in a research note on Tuesday, May 9th. They issued a “sell” rating and a $47.00 target price on the stock. Vetr raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 target price on the stock in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $59.00 target price on shares of Target Corporation in a research note on Tuesday, June 20th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target 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 value of $137,359.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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

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