Premier Asset Management LLC decreased its stake in Target Co. (NYSE:TGT) by 29.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,290 shares of the retailer’s stock after selling 4,200 shares during the quarter. Premier Asset Management LLC’s holdings in Target were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Dodge & Cox raised its stake in shares of Target by 83.3% during the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after purchasing an additional 9,102,526 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Target during the 2nd quarter worth about $235,305,000. Franklin Resources Inc. raised its stake in shares of Target by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after purchasing an additional 1,686,774 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Target by 45.1% during the 3rd quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock worth $309,101,000 after purchasing an additional 1,629,222 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Target by 43.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock valued at $197,565,000 after acquiring an additional 1,143,598 shares during the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.

In other Target news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.

A number of research analysts have recently commented on TGT shares. Vetr raised Target from a “hold” rating to a “buy” rating and set a $59.67 price objective on the stock in a report on Monday, August 14th. BidaskClub lowered Target from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. MKM Partners reissued a “neutral” rating on shares of Target in a report on Tuesday, August 15th. Gordon Haskett raised Target from a “sell” rating to a “hold” rating and increased their price objective for the company from $47.00 to $58.00 in a report on Wednesday, August 16th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $67.00 price objective (up previously from $62.00) on shares of Target in a report on Friday, August 18th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $63.25.

Shares of Target Co. (NYSE TGT) traded up $0.37 during trading on Friday, hitting $61.09. The company had a trading volume of 3,965,300 shares, compared to its average volume of 7,417,985. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target Co. has a twelve month low of $48.56 and a twelve month high of $78.42. The firm has a market capitalization of $33,005.73, a PE ratio of 12.65, a PEG ratio of 7.51 and a beta of 0.64.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts predict that Target Co. will post 4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders 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 dividend on an annualized basis and a yield of 4.06%. Target’s payout ratio is 51.88%.

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About Target

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 (NYSE:TGT)

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