Capital One National Association cut its stake in Target Co. (NYSE:TGT) by 21.4% during the first quarter, Holdings Channel reports. The firm owned 5,444 shares of the retailer’s stock after selling 1,481 shares during the period. Capital One National Association’s holdings in Target were worth $301,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Target by 0.3% in the fourth quarter. State Street Corp now owns 51,198,488 shares of the retailer’s stock valued at $3,698,062,000 after buying an additional 145,625 shares during the period. Dodge & Cox purchased a new stake in shares of Target during the fourth quarter valued at $788,237,000. Norges Bank purchased a new stake in shares of Target during the fourth quarter valued at $460,220,000. LSV Asset Management raised its stake in shares of Target by 4.7% in the first quarter. LSV Asset Management now owns 5,727,335 shares of the retailer’s stock valued at $316,091,000 after buying an additional 259,192 shares during the period. Finally, Mairs & Power INC raised its stake in shares of Target by 0.5% in the third quarter. Mairs & Power INC now owns 2,533,061 shares of the retailer’s stock valued at $173,971,000 after buying an additional 12,970 shares during the period. 88.53% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Target (NYSE:TGT)

Shares of Target Co. (NYSE TGT) opened at 55.52 on Friday. The company has a 50-day moving average price of $55.55 and a 200-day moving average price of $63.29. The company has a market cap of $30.63 billion, a P/E ratio of 11.38 and a beta of 0.63. Target Co. has a 52-week low of $52.72 and a 52-week high of $79.33.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. Target had a return on equity of 25.18% and a net margin of 4.75%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, equities analysts predict that Target Co. will post $4.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Wednesday, May 17th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, May 15th. Target’s dividend payout ratio is presently 42.93%.

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Several equities research analysts recently weighed in on TGT shares. Sanford C. Bernstein started coverage on Target in a report on Monday, February 6th. They issued an “outperform” rating and a $77.00 price objective for the company. Buckingham Research reissued a “buy” rating and issued a $71.00 price objective on shares of Target in a report on Wednesday, April 19th. Barclays PLC decreased their price objective on Target from $60.00 to $50.00 and set an “underweight” rating for the company in a report on Wednesday, March 1st. Zacks Investment Research raised Target from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Gordon Haskett started coverage on Target in a report on Tuesday, May 9th. They issued a “sell” rating and a $47.00 price objective for the company. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. Target currently has an average rating of “Hold” and a consensus target price of $65.49.

In other news, insider Don H. Liu purchased 2,000 shares of the business’s stock in a transaction on Monday, March 6th. The stock was acquired at an average price of $57.00 per share, for a total transaction of $114,000.00. Following the acquisition, the insider now directly owns 56,983 shares of the company’s stock, valued at approximately $3,248,031. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald R. Knauss purchased 10,000 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were purchased at an average price of $54.86 per share, with a total value of $548,600.00. Following the acquisition, the director now directly owns 16,431 shares in the company, valued at $901,404.66. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Target Company 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.

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