Teacher Retirement System of Texas reduced its stake in Target Corp. (NYSE:TGT) by 36.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,773 shares of the retailer’s stock after selling 99,645 shares during the period. Teacher Retirement System of Texas’ holdings in Target Corp. were worth $11,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Squarepoint Ops LLC boosted its position in Target Corp. by 557.3% in the first quarter. Squarepoint Ops LLC now owns 18,259 shares of the retailer’s stock valued at $1,502,000 after buying an additional 15,481 shares in the last quarter. Logan Capital Management Inc. boosted its position in shares of Target Corp. by 15.4% in the first quarter. Logan Capital Management Inc. now owns 3,426 shares of the retailer’s stock worth $282,000 after buying an additional 456 shares in the last quarter. Iowa State Bank boosted its position in shares of Target Corp. by 2.6% in the second quarter. Iowa State Bank now owns 51,242 shares of the retailer’s stock worth $3,578,000 after buying an additional 1,275 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Target Corp. by 22.4% in the second quarter. Fulton Bank N.A. now owns 3,966 shares of the retailer’s stock worth $277,000 after buying an additional 725 shares in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its position in shares of Target Corp. by 14.6% in the second quarter. Indiana Trust & Investment Management CO now owns 6,984 shares of the retailer’s stock worth $488,000 after buying an additional 891 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Target Corp. (NYSE:TGT)

Target Corp. (NYSE:TGT) traded down 1.11% on Wednesday, hitting $77.54. The stock had a trading volume of 2,155,037 shares. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 13.80 and a beta of 0.59. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14. The stock’s 50-day moving average is $70.42 and its 200 day moving average is $70.57.

Target Corp. (NYSE:TGT) last released its earnings results on Wednesday, November 16th. The retailer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $16.44 billion for the quarter, compared to analysts’ expectations of $16.30 billion. Target Corp. had a return on equity of 25.18% and a net margin of 4.75%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. On average, equities research analysts predict that Target Corp. will post $5.20 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.06%. Target Corp.’s dividend payout ratio is 42.93%.

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A number of research analysts have recently commented on TGT shares. Zacks Investment Research cut Target Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Morgan Stanley set a $64.00 price target on Target Corp. and gave the company a “sell” rating in a research report on Friday, August 19th. Vetr cut Target Corp. from a “strong-buy” rating to a “buy” rating and set a $77.55 price target on the stock. in a research report on Monday, September 12th. Argus reaffirmed a “hold” rating on shares of Target Corp. in a research report on Thursday, September 8th. Finally, Credit Suisse Group AG began coverage on Target Corp. in a research report on Friday, September 16th. They set a “neutral” rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $75.02.

In other news, Director Anne M. Mulcahy sold 3,957 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

About Target Corp.

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

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