Lakeview Capital Partners LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 10.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,586 shares of the retailer’s stock after selling 408 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Target were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Alpha LLC acquired a new stake in shares of Target during the 1st quarter worth about $30,000. Icon Wealth Partners LLC acquired a new stake in Target in the 1st quarter worth about $31,000. Larson Financial Group LLC acquired a new stake in Target in the 2nd quarter worth about $31,000. C J Advisory Inc acquired a new stake in Target in the 1st quarter worth about $33,000. Finally, Buffington Mohr McNeal acquired a new stake in Target in the 1st quarter worth about $35,000. Institutional investors own 82.12% of the company’s stock.

TGT has been the subject of several analyst reports. JPMorgan Chase & Co. set a $100.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank upgraded shares of Target from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $99.00 in a research note on Monday, August 5th. Credit Suisse Group set a $90.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Goldman Sachs Group initiated coverage on shares of Target in a research note on Thursday, July 11th. They issued a “buy” rating and a $102.00 price objective for the company. Finally, Bank of America set a $105.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $89.49.

Shares of NYSE:TGT traded up $16.36 during midday trading on Wednesday, hitting $101.89. The stock had a trading volume of 24,892,173 shares, compared to its average volume of 4,996,113. The company’s 50-day moving average price is $85.88 and its 200-day moving average price is $80.41. The company has a market capitalization of $43.14 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The company has a quick ratio of 0.19, a current ratio of 0.88 and a debt-to-equity ratio of 1.21. Target Co. has a fifty-two week low of $60.15 and a fifty-two week high of $90.39.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $1.82 EPS for the quarter, beating the consensus estimate of $1.62 by $0.20. The company had revenue of $18.42 billion during the quarter, compared to analysts’ expectations of $18.32 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.47 EPS. Research analysts expect that Target Co. will post 5.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, August 20th. This is a positive change from Target’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a dividend yield of 2.59%. Target’s payout ratio is 47.50%.

In related news, insider Janna A. Potts sold 8,759 shares of Target stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $79.00, for a total transaction of $691,961.00. Following the sale, the insider now directly owns 27,720 shares of the company’s stock, valued at approximately $2,189,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Edward Mcnamara sold 11,891 shares of Target stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 33,180 shares of company stock worth $2,854,650 over the last ninety days. 0.24% of the stock is currently owned by insiders.

Target Profile

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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