Scotia Capital Inc. decreased its position in Target Co. (NYSE:TGT) by 17.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,444 shares of the retailer’s stock after selling 7,461 shares during the period. Scotia Capital Inc.’s holdings in Target were worth $3,071,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TGT. Renaissance Technologies LLC boosted its holdings in shares of Target by 613.5% in the second quarter. Renaissance Technologies LLC now owns 3,129,200 shares of the retailer’s stock valued at $271,020,000 after acquiring an additional 2,690,600 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Target by 59.7% during the first quarter. Nordea Investment Management AB now owns 2,893,715 shares of the retailer’s stock worth $232,253,000 after buying an additional 1,081,856 shares in the last quarter. Argent Capital Management LLC boosted its holdings in Target by 162.2% during the first quarter. Argent Capital Management LLC now owns 1,163,242 shares of the retailer’s stock worth $93,362,000 after buying an additional 719,655 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Target by 310.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 877,818 shares of the retailer’s stock worth $75,594,000 after buying an additional 663,782 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Target by 21.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,555,720 shares of the retailer’s stock worth $307,961,000 after buying an additional 630,907 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on TGT. Morgan Stanley boosted their price objective on shares of Target from $76.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Cowen set a $120.00 price objective on shares of Target and gave the stock a “buy” rating in a report on Wednesday, August 21st. KeyCorp boosted their price objective on shares of Target from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. UBS Group boosted their price objective on shares of Target from $86.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Finally, Deutsche Bank raised shares of Target from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $99.00 in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $102.37.

Shares of NYSE:TGT traded down $0.73 during trading on Friday, reaching $108.21. The stock had a trading volume of 164,908 shares, compared to its average volume of 7,770,819. The business has a fifty day moving average price of $94.21 and a 200-day moving average price of $84.24. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 1.05. The stock has a market cap of $55.66 billion, a P/E ratio of 20.08, a PEG ratio of 2.51 and a beta of 0.53. Target Co. has a fifty-two week low of $60.15 and a fifty-two week high of $110.94.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 21st. The retailer reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.21. Target had a net margin of 4.10% and a return on equity of 27.43%. The company had revenue of $18.42 billion during the quarter, compared to the consensus estimate of $18.32 billion. During the same period in the previous year, the firm earned $1.47 earnings per share. Target’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Target Co. will post 6.13 EPS for the current year.

In other news, insider Michael Edward Mcnamara sold 11,891 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $88.79, for a total value of $1,055,801.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Don H. Liu sold 4,140 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $99.92, for a total transaction of $413,668.80. The disclosure for this sale can be found here. Insiders sold 93,369 shares of company stock valued at $9,751,164 over the last 90 days. Insiders own 0.24% of the company’s stock.

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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