PVG Asset Management Corp purchased a new position in Target Corporation (NYSE:TGT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,532 shares of the retailer’s stock, valued at approximately $1,519,000.

A number of other hedge funds have also modified their holdings of TGT. Prentiss Smith & Co. Inc. raised its stake in shares of Target Corporation by 20.6% in the first quarter. Prentiss Smith & Co. Inc. now owns 4,677 shares of the retailer’s stock worth $258,000 after buying an additional 800 shares during the period. Horrell Capital Management Inc. raised its stake in shares of Target Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the retailer’s stock worth $1,504,000 after buying an additional 100 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in shares of Target Corporation during the first quarter worth approximately $1,214,000. TNB Financial acquired a new stake in shares of Target Corporation during the first quarter worth approximately $930,000. Finally, First National Bank of Omaha raised its stake in shares of Target Corporation by 8.4% in the first quarter. First National Bank of Omaha now owns 52,314 shares of the retailer’s stock worth $2,887,000 after buying an additional 4,046 shares during the period. Institutional investors and hedge funds own 82.63% of the company’s stock.

Target Corporation (NYSE:TGT) traded down 1.06% during trading on Wednesday, reaching $58.12. The company had a trading volume of 2,130,543 shares. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The firm’s 50-day moving average price is $53.26 and its 200 day moving average price is $56.79. The firm has a market capitalization of $32.07 billion, a P/E ratio of 11.91 and a beta of 0.61. Target Corporation also was the target of some unusual options trading on Tuesday. Traders bought 43,644 call options on the company. This is an increase of 350% compared to the average volume of 9,688 call options.

Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion for the quarter, compared to analysts’ expectations of $15.63 billion. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. Equities analysts forecast that Target Corporation will post $4.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.62 per share. The ex-dividend date is Monday, August 14th. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 4.22%. Target Corporation’s dividend payout ratio (DPR) is currently 48.98%.

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A number of analysts recently commented on the company. Vetr upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 price target on the stock in a report on Wednesday, May 10th. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday. Gordon Haskett assumed coverage on Target Corporation in a report on Tuesday, May 9th. They set a “sell” rating and a $47.00 price target on the stock. Zacks Investment Research upgraded Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price target (up from $56.00) on shares of Target Corporation in a report on Friday, May 19th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $61.99.

In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

About Target Corporation

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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Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

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