CHICAGO TRUST Co NA lowered its stake in shares of Target Corp. (NYSE:TGT) by 4.6% during the third quarter, Holdings Channel reports. The firm owned 36,624 shares of the retailer’s stock after selling 1,784 shares during the period. CHICAGO TRUST Co NA’s holdings in Target Corp. were worth $2,515,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC increased its position in Target Corp. by 9.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer’s stock worth $107,000 after buying an additional 127 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the period. Loomis Sayles & Co. L P increased its position in Target Corp. by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock valued at $154,000 after buying an additional 42 shares during the period. Duncker Streett & Co. Inc. increased its position in Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in Target Corp. during the second quarter valued at approximately $168,000. 84.76% of the stock is currently owned by institutional investors.

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

Target Corp. (NYSE:TGT) traded up 0.89% on Tuesday, hitting $78.41. The stock had a trading volume of 4,693,985 shares. The firm’s 50-day moving average is $70.42 and its 200-day moving average is $70.57. Target Corp. has a 52-week low of $65.50 and a 52-week high of $84.14. The company has a market cap of $44.20 billion, a P/E ratio of 13.95 and a beta of 0.59.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be given a $0.60 dividend. 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 (DPR) is presently 42.93%.

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Several research analysts have recently commented on TGT shares. Barclays PLC reaffirmed an “underweight” rating and issued a $60.00 price objective on shares of Target Corp. in a research note on Friday, September 16th. Vetr downgraded Target Corp. from a “strong-buy” rating to a “buy” rating and set a $77.55 price objective on the stock. in a research note on Monday, September 12th. Jefferies Group set a $72.00 price objective on Target Corp. and gave the stock a “hold” rating in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. decreased their price objective on Target Corp. from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, August 18th. Finally, Edward Jones downgraded Target Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target 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 value of $298,555.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

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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