Wealthfront Inc. bought a new position in Target Corporation (NYSE:TGT) during the second quarter, according to its most recent filing with the SEC. The firm bought 13,806 shares of the retailer’s stock, valued at approximately $722,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. California Public Employees Retirement System lifted its holdings in shares of Target Corporation by 0.9% in the 2nd quarter. California Public Employees Retirement System now owns 1,622,261 shares of the retailer’s stock worth $84,828,000 after purchasing an additional 14,800 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Target Corporation by 2.2% in the 2nd quarter. MML Investors Services LLC now owns 25,099 shares of the retailer’s stock worth $1,312,000 after purchasing an additional 537 shares in the last quarter. TIAA FSB bought a new position in shares of Target Corporation in the 2nd quarter worth $3,449,000. Vanguard Group Inc. lifted its holdings in shares of Target Corporation by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock worth $1,942,803,000 after purchasing an additional 130,252 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Target Corporation by 1.4% in the 2nd quarter. D.A. Davidson & CO. now owns 55,902 shares of the retailer’s stock worth $2,923,000 after purchasing an additional 797 shares in the last quarter. Institutional investors own 83.22% of the company’s stock.

A number of brokerages recently issued reports on TGT. TheStreet upgraded Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. Jefferies Group LLC restated a “hold” rating on shares of Target Corporation in a research note on Friday, August 25th. Zacks Investment Research cut Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $60.00 price objective (up from $58.00) on shares of Target Corporation in a research note on Friday, August 18th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Target Corporation presently has a consensus rating of “Hold” and a consensus target price of $61.62.

Shares of Target Corporation (TGT) opened at 58.38 on Friday. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The stock’s 50 day moving average price is $57.52 and its 200-day moving average price is $55.32. The company has a market capitalization of $31.89 billion, a PE ratio of 11.80 and a beta of 0.62.

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

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s payout ratio is currently 50.00%.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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Target Corporation 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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