Gofen & Glossberg LLC IL lowered its stake in shares of Target Co. (NYSE:TGT) by 34.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,151 shares of the retailer’s stock after selling 28,676 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Target were worth $3,195,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bedell Frazier Investment Counseling LLC bought a new position in shares of Target during the 3rd quarter valued at $219,000. Heritage Trust Co grew its holdings in shares of Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC grew its holdings in shares of Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Target by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. Sanford C. Bernstein set a $65.00 target price on shares of Target and gave the company a “buy” rating in a report on Thursday. MKM Partners set a $77.00 target price on shares of Target and gave the company a “buy” rating in a report on Thursday. Moffett Nathanson started coverage on shares of Target in a report on Monday, December 4th. They set a “neutral” rating on the stock. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 price target on the stock. in a report on Wednesday, November 29th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.42.

Shares of Target Co. (TGT) traded down $0.73 during midday trading on Friday, reaching $61.94. 6,332,000 shares of the company were exchanged, compared to its average volume of 7,376,454. Target Co. has a one year low of $48.56 and a one year high of $78.37. The stock has a market cap of $34,065.70, a PE ratio of 13.06, a P/E/G ratio of 7.75 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period last year, the company posted $1.04 EPS. Target’s revenue was up 1.4% on a year-over-year basis. research analysts anticipate that Target Co. will post 4.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Wednesday, November 15th were given a dividend of $0.62 per share. The ex-dividend date was Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.00%. Target’s dividend payout ratio (DPR) is currently 51.88%.

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Target 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 (NYSE:TGT)

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