Clearbridge Investments LLC boosted its position in shares of Target Co. (NYSE:TGT) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,068 shares of the retailer’s stock after buying an additional 357 shares during the quarter. Clearbridge Investments LLC’s holdings in Target were worth $2,795,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cim Investment Mangement Inc. boosted its stake in Target by 3.6% during the first quarter. Cim Investment Mangement Inc. now owns 6,016 shares of the retailer’s stock valued at $559,000 after buying an additional 207 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in Target by 152.2% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 60,106 shares of the retailer’s stock valued at $5,588,000 after buying an additional 36,271 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Target by 7.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,717 shares of the retailer’s stock valued at $624,000 after buying an additional 472 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Target by 888.9% during the first quarter. Prestige Wealth Management Group LLC now owns 267 shares of the retailer’s stock valued at $25,000 after buying an additional 240 shares in the last quarter. Finally, Waddell & Reed Financial Inc. lifted its holdings in shares of Target by 4.0% during the first quarter. Waddell & Reed Financial Inc. now owns 375,295 shares of the retailer’s stock valued at $34,891,000 after purchasing an additional 14,595 shares during the last quarter. 81.06% of the stock is owned by institutional investors and hedge funds.

TGT opened at $118.57 on Tuesday. The firm has a market capitalization of $58.51 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 3.90 and a beta of 0.78. The stock’s 50 day moving average price is $119.56 and its two-hundred day moving average price is $114.38. The company has a quick ratio of 0.42, a current ratio of 1.01 and a debt-to-equity ratio of 1.46. Target Co. has a 12-month low of $80.03 and a 12-month high of $130.24.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.19. The firm had revenue of $19.37 billion for the quarter, compared to analyst estimates of $19.04 billion. Target had a return on equity of 24.17% and a net margin of 3.46%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 EPS. As a group, analysts anticipate that Target Co. will post 4.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.72 dividend on an annualized basis and a yield of 2.29%. This is a positive change from Target’s previous quarterly dividend of $0.66. Target’s dividend payout ratio (DPR) is 41.31%.

In other Target news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $122.01, for a total value of $1,220,100.00. Following the completion of the sale, the director now owns 52,253 shares in the company, valued at approximately $6,375,388.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 7,415 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $120.01, for a total value of $889,874.15. Following the completion of the sale, the director now owns 52,253 shares of the company’s stock, valued at approximately $6,270,882.53. The disclosure for this sale can be found here. Insiders sold a total of 131,524 shares of company stock worth $15,803,219 in the last ninety days. Insiders own 0.24% of the company’s stock.

Several equities research analysts have recently commented on the company. Nomura reduced their target price on Target from $131.00 to $121.00 and set a “buy” rating for the company in a report on Friday, April 24th. Nomura Instinet upped their target price on Target from $121.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Cleveland Research raised Target from a “neutral” rating to a “buy” rating in a report on Friday, June 19th. Morgan Stanley upped their target price on Target from $105.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, UBS Group upped their target price on Target from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Eight investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $129.04.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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