Pinnacle Financial Partners Inc. reduced its stake in shares of Target Co. (NYSE:TGT) by 11.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,609 shares of the retailer’s stock after selling 2,384 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Target were worth $1,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cetera Advisor Networks LLC purchased a new stake in shares of Target during the 4th quarter worth $1,171,000. Cetera Advisors LLC boosted its position in shares of Target by 13.8% during the 4th quarter. Cetera Advisors LLC now owns 14,642 shares of the retailer’s stock worth $961,000 after purchasing an additional 1,773 shares in the last quarter. Sei Investments Co. boosted its position in shares of Target by 1.1% during the 4th quarter. Sei Investments Co. now owns 234,835 shares of the retailer’s stock worth $15,323,000 after purchasing an additional 2,667 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Target by 2.3% in the 4th quarter. New Mexico Educational Retirement Board now owns 52,516 shares of the retailer’s stock worth $3,427,000 after buying an additional 1,200 shares in the last quarter. Finally, Pegasus Partners Ltd. boosted its position in shares of Target by 34.8% in the 4th quarter. Pegasus Partners Ltd. now owns 22,013 shares of the retailer’s stock worth $1,436,000 after buying an additional 5,679 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.

In other Target news, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the transaction, the insider now directly owns 16,906 shares in the company, valued at approximately $1,320,020.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert M. Harrison sold 8,557 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the completion of the transaction, the insider now owns 13,288 shares in the company, valued at $1,019,721.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,262 shares of company stock worth $1,185,484. 0.20% of the stock is owned by insiders.

Target Co. (NYSE:TGT) opened at $73.88 on Wednesday. The stock has a market cap of $39,072.00, a PE ratio of 15.46, a price-to-earnings-growth ratio of 3.40 and a beta of 0.76. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The company had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. equities research analysts predict that Target Co. will post 4.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be issued a $0.62 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.36%. Target’s dividend payout ratio (DPR) is 51.88%.

Several equities research analysts recently commented on TGT shares. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a research report on Saturday, January 20th. Robert W. Baird reiterated a “hold” rating and issued a $70.00 price objective on shares of Target in a research report on Wednesday, January 3rd. MKM Partners set a $77.00 price objective on shares of Target and gave the stock a “buy” rating in a research report on Thursday, December 14th. Morgan Stanley decreased their price objective on shares of Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a research report on Thursday, November 16th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 price objective (up from $65.00) on shares of Target in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $67.64.

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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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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