Stephens Inc. AR decreased its position in shares of Target Co. (NYSE:TGT) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 87,943 shares of the retailer’s stock after selling 4,207 shares during the period. Stephens Inc. AR’s holdings in Target were worth $7,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Target during the second quarter valued at approximately $31,000. Icon Wealth Partners LLC bought a new stake in shares of Target during the first quarter valued at approximately $31,000. Advisory Alpha LLC bought a new stake in shares of Target during the first quarter valued at approximately $30,000. C J Advisory Inc bought a new stake in shares of Target during the first quarter valued at approximately $33,000. Finally, Buffington Mohr McNeal bought a new stake in shares of Target during the first quarter valued at approximately $35,000. 83.09% of the stock is owned by institutional investors.

Several analysts have recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $92.00 price target (up from $88.00) on shares of Target in a research note on Thursday, April 18th. Citigroup increased their price target on shares of Target from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Robert W. Baird set a $90.00 price target on shares of Target and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein reissued a “mkt perform” rating on shares of Target in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised shares of Target from a “neutral” rating to an “overweight” rating and increased their price target for the company from $81.00 to $100.00 in a research note on Thursday, May 23rd. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Target presently has a consensus rating of “Buy” and an average target price of $90.06.

In other news, insider Michael Edward Mcnamara sold 11,891 shares of Target stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $88.79, for a total transaction of $1,055,801.89. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Janna A. Potts sold 8,759 shares of Target stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $79.00, for a total transaction of $691,961.00. Following the transaction, the insider now directly owns 27,720 shares in the company, valued at $2,189,880. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,180 shares of company stock worth $2,854,650. Insiders own 0.24% of the company’s stock.

TGT stock traded up $0.97 during midday trading on Thursday, reaching $82.86. The company’s stock had a trading volume of 2,857,482 shares, compared to its average volume of 4,522,139. Target Co. has a 52 week low of $60.15 and a 52 week high of $90.39. The stock has a market capitalization of $42.03 billion, a PE ratio of 15.37, a PEG ratio of 1.96 and a beta of 0.61. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.19 and a current ratio of 0.88. The stock’s 50-day moving average price is $86.08.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. Target had a net margin of 3.96% and a return on equity of 26.48%. The firm had revenue of $17.63 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same period last year, the firm earned $1.32 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts predict that Target Co. will post 5.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from Target’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Tuesday, August 20th. Target’s dividend payout ratio (DPR) is currently 47.50%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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