SNS Financial Group LLC trimmed its position in shares of Target Corporation (NYSE:TGT) by 79.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,616 shares of the retailer’s stock after selling 51,307 shares during the period. SNS Financial Group LLC’s holdings in Target Corporation were worth $803,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Fiera Capital Corp grew its stake in Target Corporation by 0.4% during the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after buying an additional 19 shares in the last quarter. Gamble Jones Investment Counsel grew its stake in Target Corporation by 0.4% during the second quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after buying an additional 44 shares in the last quarter. Carlson Capital Management grew its stake in Target Corporation by 0.9% during the second quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after buying an additional 69 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its stake in Target Corporation by 0.8% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after buying an additional 74 shares in the last quarter. Finally, Jolley Asset Management LLC grew its stake in Target Corporation by 2.2% during the second quarter. Jolley Asset Management LLC now owns 3,455 shares of the retailer’s stock worth $181,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

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Target Corporation (NYSE:TGT) traded down $5.93 during trading hours on Thursday, hitting $54.16. 34,811,100 shares of the stock traded hands, compared to its average volume of 7,295,463. The company has a market cap of $29,580.00, a price-to-earnings ratio of 12.19, a P/E/G ratio of 5.38 and a beta of 0.63. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33.

Target Corporation (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Target Corporation’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. equities research analysts anticipate that Target Corporation will post 4.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.58%. Target Corporation’s dividend payout ratio is currently 50.10%.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Target Corporation from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday. Morgan Stanley reduced their price target on shares of Target Corporation from $52.00 to $50.00 and set an “underweight” rating on the stock in a research note on Thursday. BidaskClub downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price target on the stock. in a research note on Monday, August 7th. Finally, Gordon Haskett upgraded shares of Target Corporation from a “sell” rating to a “hold” rating and raised their price target for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.60.

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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