Airain ltd acquired a new stake in shares of Target Corporation (NYSE:TGT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 314,815 shares of the retailer’s stock, valued at approximately $16,462,000. Target Corporation makes up approximately 0.7% of Airain ltd’s holdings, making the stock its 20th largest position. Airain ltd owned approximately 0.06% of Target Corporation at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. USS Investment Management Ltd increased its position in Target Corporation by 26.3% during the 2nd quarter. USS Investment Management Ltd now owns 341,200 shares of the retailer’s stock valued at $17,840,000 after buying an additional 71,000 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its position in Target Corporation by 54.5% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 29,689 shares of the retailer’s stock valued at $1,552,000 after buying an additional 10,472 shares in the last quarter. Prudential Financial Inc. increased its position in Target Corporation by 43.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock valued at $197,565,000 after buying an additional 1,143,598 shares in the last quarter. GHP Investment Advisors Inc. increased its position in Target Corporation by 1.6% during the 2nd quarter. GHP Investment Advisors Inc. now owns 31,157 shares of the retailer’s stock valued at $1,629,000 after buying an additional 478 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its position in Target Corporation by 25.9% during the 2nd quarter. Great Lakes Advisors LLC now owns 951,818 shares of the retailer’s stock valued at $49,770,000 after buying an additional 195,915 shares in the last quarter. 83.33% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the company. Vetr raised Target Corporation from a “hold” rating to a “buy” rating and set a $59.66 price objective for the company in a research report on Monday, June 19th. ValuEngine lowered Target Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research 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 research report on Friday, July 14th. Finally, MKM Partners raised their price objective on Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the company. The company presently 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Target Corporation (NYSE:TGT) opened at 59.96 on Friday. The stock has a market capitalization of $32.75 billion, a P/E ratio of 12.12 and a beta of 0.60. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The company’s 50-day moving average price is $56.66 and its 200 day moving average price is $55.03.

Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same period in the prior year, the company posted $1.23 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Target Corporation will post $4.51 earnings per share for the current fiscal year.

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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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