Folger Nolan Fleming Douglas Capital Management Inc. cut its position in shares of Target Corporation (NYSE:TGT) by 12.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,754 shares of the retailer’s stock after selling 2,486 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Target Corporation were worth $876,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC increased its stake in Target Corporation by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after buying an additional 399 shares in the last quarter. Penserra Capital Management LLC lifted 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 acquiring an additional 204 shares in the last quarter. Davidson Investment Advisors lifted its position in shares of Target Corporation by 18.5% in the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after acquiring an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Target Corporation by 19.1% in the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after acquiring an additional 445 shares in the last quarter. Finally, Washington Trust Bank lifted its position in shares of Target Corporation by 105.6% in the second quarter. Washington Trust Bank now owns 3,067 shares of the retailer’s stock valued at $160,000 after acquiring an additional 1,575 shares in the last quarter. 83.22% of the stock is currently owned by hedge funds and other institutional investors.

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TGT has been the topic of a number of research reports. TheStreet upgraded Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Tuesday, June 6th. Vetr cut shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $58.97 target price for the company. in a research report on Friday, July 14th. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Finally, MKM Partners raised their price target on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $61.64.

Target Corporation (TGT) opened at 58.89 on Tuesday. The firm has a market cap of $32.17 billion, a PE ratio of 11.90 and a beta of 0.62. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The stock has a 50 day moving average of $57.26 and a 200 day moving average of $55.24.

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

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.21%. Target Corporation’s dividend payout ratio (DPR) is 50.00%.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. 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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