Alerus Financial NA trimmed its position in shares of Target Corporation (NYSE:TGT) by 29.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,122 shares of the retailer’s stock after selling 5,404 shares during the period. Alerus Financial NA’s holdings in Target Corporation were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in Target Corporation by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after buying an additional 399 shares during the last quarter. Penserra Capital Management LLC increased its position in Target Corporation by 9.5% during 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 last quarter. Davidson Investment Advisors increased its position in Target Corporation by 18.5% during the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after buying an additional 400 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in Target Corporation by 19.1% during the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after buying an additional 445 shares during the last quarter. Finally, Washington Trust Bank increased its position in Target Corporation by 105.6% during the second quarter. Washington Trust Bank now owns 3,067 shares of the retailer’s stock worth $160,000 after buying an additional 1,575 shares during the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

Target Corporation (NYSE TGT) opened at 58.33 on Friday. The company has a market cap of $31.86 billion, a PE ratio of 11.79 and a beta of 0.60. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The firm’s 50-day moving average is $56.82 and its 200-day moving average is $55.00.

Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Target Corporation will post $4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.25%. Target Corporation’s payout ratio is presently 50.00%.

TGT has been the topic of several analyst reports. ValuEngine downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, June 6th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 target price on the stock. in a research report on Monday, June 12th. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, UBS AG reissued a “neutral” rating and set a $56.00 target price (down from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company’s stock. Target Corporation presently has a consensus rating of “Hold” and an average target price of $61.64.

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In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The disclosure for this sale can be found here. Corporate insiders own 0.25% 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.

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

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