Public Sector Pension investment Board trimmed its holdings in Target Corporation (NYSE:TGT) by 50.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 62,803 shares of the retailer’s stock after selling 63,800 shares during the quarter. Public Sector Pension investment Board’s holdings in Target Corporation were worth $3,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TGT. Fiera Capital Corp raised its holdings in Target Corporation by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock valued at $256,000 after buying an additional 19 shares during the last quarter. Compton Capital Management Inc. RI raised its holdings in Target Corporation by 0.4% during the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock valued at $487,000 after buying an additional 32 shares during the last quarter. Gamble Jones Investment Counsel raised its holdings in Target Corporation by 0.4% during the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock valued at $553,000 after buying an additional 44 shares during the last quarter. Carlson Capital Management raised its holdings in Target Corporation by 0.9% during the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock valued at $421,000 after buying an additional 69 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Target Corporation by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock valued at $515,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 83.22% of the company’s stock.

Target Corporation (NYSE TGT) opened at 58.66 on Thursday. The company has a market cap of $32.04 billion, a PE ratio of 11.85 and a beta of 0.62. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The stock has a 50 day moving average of $57.46 and a 200 day moving average of $55.30. Target Corporation also was the target of unusually large options trading on Monday. Stock investors acquired 10,752 put options on the company. This represents an increase of approximately 126% compared to the typical daily volume of 4,756 put options.

Target Corporation (NYSE:TGT) last issued its earnings results 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 analyst estimates 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 for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Equities research analysts predict that Target Corporation will post $4.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be given a $0.62 dividend. 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 4.23%. Target Corporation’s dividend payout ratio is currently 50.00%.

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A number of equities research analysts recently commented on the stock. BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a report on Thursday, September 14th. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Vetr lowered shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price target for the company. in a report on Monday, August 7th. BidaskClub upgraded shares of Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, MKM Partners upped their price target on shares of Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.62.

In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.25% of the stock is 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.

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

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