Metropolitan Life Insurance Co. NY lowered its position in shares of Target Corporation (NYSE:TGT) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,416 shares of the retailer’s stock after selling 6,950 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Target Corporation were worth $15,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TGT. Cribstone Capital Management LLC increased its position in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock worth $101,000 after buying an additional 1,016 shares during the period. Reilly Financial Advisors LLC increased its position in Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock worth $110,000 after buying an additional 874 shares during the period. Pinnacle Bank bought a new position in Target Corporation during the first quarter worth approximately $123,000. Peoples Financial Services CORP. increased its position in Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock worth $125,000 after buying an additional 1,225 shares during the period. Finally, Penserra Capital Management LLC increased its position in Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.

Target Corporation (NYSE:TGT) traded down 1.06% during trading on Wednesday, reaching $58.12. 2,130,543 shares of the company’s stock traded hands. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of 11.91 and a beta of 0.61. The firm’s 50 day moving average is $53.26 and its 200-day moving average is $56.79. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. Target Corporation also was the target of some unusual options trading on Tuesday. Stock traders purchased 43,644 call options on the company. This is an increase of 350% compared to the typical volume of 9,688 call options.

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

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

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A number of research analysts have commented on TGT shares. Zacks Investment Research upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, June 6th. Vetr upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 price objective on the stock in a research note on Wednesday, May 10th. Buckingham Research reiterated a “buy” rating and set a $71.00 price objective on shares of Target Corporation in a research note on Wednesday, April 19th. BidaskClub upgraded shares of Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, ValuEngine downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.99.

In related news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

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

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