Brandywine Global Investment Management LLC lowered its holdings in Target Corporation (NYSE:TGT) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,064 shares of the retailer’s stock after selling 1,327 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Target Corporation were worth $12,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TGT. Parallel Advisors LLC raised its stake in shares of Target Corporation by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares during the last quarter. Penserra Capital Management LLC raised its stake 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 worth $129,000 after purchasing an additional 204 shares during the last quarter. Davidson Investment Advisors raised its stake 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 worth $141,000 after purchasing an additional 400 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake 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 worth $145,000 after purchasing an additional 445 shares during the last quarter. Finally, Sandy Spring Bank raised its stake in shares of Target Corporation by 6.7% in the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 83.23% of the company’s stock.

Several research analysts have recently weighed in on the company. UBS AG restated a “neutral” rating and issued a $56.00 price target (down previously from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. BidaskClub cut Target Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. TheStreet upgraded Target Corporation from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Vetr cut Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a research report on Monday, August 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price objective (up previously from $58.00) on shares of Target Corporation in a research report on Friday, August 18th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $63.08.

Shares of Target Corporation (TGT) opened at 57.12 on Monday. The stock has a 50 day moving average price of $57.55 and a 200 day moving average price of $55.34. The stock has a market capitalization of $31.20 billion, a P/E ratio of 11.54 and a beta of 0.62. Target Corporation has a one year low of $48.56 and a one year high of $79.33.

Target Corporation (NYSE:TGT) last announced its 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 company 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%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 earnings per share. Equities analysts forecast that Target Corporation will post $4.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is 50.00%.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’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 hyperlink. 0.20% of the stock is owned by insiders.

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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.

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

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