Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its holdings in shares of Target Corporation (NYSE:TGT) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,597 shares of the retailer’s stock after selling 948 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Target Corporation were worth $6,949,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Lingohr & Partner Asset Management GmbH lifted its stake in shares of Target Corporation by 6.2% in the 3rd quarter. Lingohr & Partner Asset Management GmbH now owns 25,870 shares of the retailer’s stock worth $1,541,000 after acquiring an additional 1,500 shares during the period. Sei Investments Co. lifted its stake in shares of Target Corporation by 18.7% in the 3rd quarter. Sei Investments Co. now owns 232,168 shares of the retailer’s stock worth $13,701,000 after acquiring an additional 36,582 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Target Corporation by 195.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 22,990 shares of the retailer’s stock worth $719,000 after acquiring an additional 15,213 shares during the period. FDx Advisors Inc. lifted its stake in shares of Target Corporation by 49.3% in the 3rd quarter. FDx Advisors Inc. now owns 75,651 shares of the retailer’s stock worth $4,464,000 after acquiring an additional 24,987 shares during the period. Finally, Global X MANAGEMENT CO LLC lifted its stake in shares of Target Corporation by 3.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 140,034 shares of the retailer’s stock worth $8,263,000 after acquiring an additional 4,903 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. MKM Partners assumed coverage on shares of Target Corporation in a research note on Wednesday, October 18th. They issued a “buy” rating and a $85.00 target price for the company. Stifel Nicolaus set a $60.00 target price on shares of Target Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Wells Fargo & Company assumed coverage on shares of Target Corporation in a research note on Friday, November 3rd. They issued a “market perform” rating and a $62.00 target price for the company. Finally, BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $63.68.

Shares of Target Corporation (NYSE TGT) traded down $0.73 during midday trading on Monday, hitting $60.67. 2,192,144 shares of the stock were exchanged, compared to its average volume of 7,169,104. The stock has a market capitalization of $33,540.00, a P/E ratio of 12.45, a PEG ratio of 2.90 and a beta of 0.63. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98.

Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS 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 company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. analysts expect that Target Corporation will post 4.51 EPS for the current fiscal year.

The company 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. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.09%. Target Corporation’s dividend payout ratio (DPR) is presently 50.10%.

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In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction that occurred on 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 available through this hyperlink. 0.20% of the stock is currently owned by 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.

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

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