Target Co. (NYSE:TGT) Position Trimmed by Commonwealth Equity Services Inc

Commonwealth Equity Services Inc lessened its stake in shares of Target Co. (NYSE:TGT) by 9.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,189 shares of the retailer’s stock after selling 15,235 shares during the period. Commonwealth Equity Services Inc’s holdings in Target were worth $8,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp boosted its position in Target by 0.4% during the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after purchasing an additional 19 shares during the period. Gamble Jones Investment Counsel boosted its position in Target 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 purchasing an additional 44 shares during the period. Carlson Capital Management boosted its position in Target by 0.9% during the second quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after purchasing an additional 69 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Target 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 purchasing an additional 74 shares during the period. Finally, Jolley Asset Management LLC boosted its position in Target 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 purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

A number of brokerages have weighed in on TGT. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Friday. Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price for the company. in a research report on Wednesday, November 29th. Barclays set a $45.00 target price on shares of Target and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Morgan Stanley cut their target price on shares of Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research report on Thursday, November 16th. Finally, Stifel Nicolaus cut their price objective on shares of Target from $65.00 to $62.00 and set a “hold” rating for the company in a research report on Thursday, November 16th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. Target currently has a consensus rating of “Hold” and an average target price of $63.25.

In other Target news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Shares of Target Co. (NYSE TGT) opened at $59.51 on Monday. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.42. The stock has a market cap of $32,348.03, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 7.36 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 announced its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same period in the previous year, the business posted $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts anticipate that Target Co. will post 4.54 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 annualized dividend and a yield of 4.17%. Target’s payout ratio is presently 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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