Public Employees Retirement System of Ohio reduced its position in Target Co. (NYSE:TGT) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 355,095 shares of the retailer’s stock after selling 5,757 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Target worth $27,030,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont raised its stake in shares of Target by 3.5% during the second quarter. Trust Co. of Vermont now owns 19,236 shares of the retailer’s stock worth $1,464,000 after purchasing an additional 647 shares during the last quarter. Sumitomo Life Insurance Co. raised its stake in shares of Target by 4.5% during the second quarter. Sumitomo Life Insurance Co. now owns 15,551 shares of the retailer’s stock worth $1,184,000 after purchasing an additional 671 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Target by 3.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 19,523 shares of the retailer’s stock worth $1,486,000 after purchasing an additional 681 shares during the last quarter. Uncommon Cents Investing LLC raised its position in Target by 2.2% in the second quarter. Uncommon Cents Investing LLC now owns 31,623 shares of the retailer’s stock worth $2,407,000 after acquiring an additional 685 shares in the last quarter. Finally, Cahill Financial Advisors Inc. raised its position in Target by 18.6% in the second quarter. Cahill Financial Advisors Inc. now owns 4,431 shares of the retailer’s stock worth $338,000 after acquiring an additional 694 shares in the last quarter. 83.52% of the stock is owned by institutional investors and hedge funds.

Shares of TGT traded up $1.81 during trading hours on Friday, reaching $84.61. 5,123,277 shares of the company traded hands, compared to its average volume of 5,359,514. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 1.09. The firm has a market cap of $46.43 billion, a P/E ratio of 17.96, a PEG ratio of 2.44 and a beta of 0.70. Target Co. has a fifty-two week low of $54.04 and a fifty-two week high of $90.39.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 22nd. The retailer reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.07. The business had revenue of $17.78 billion for the quarter, compared to analyst estimates of $17.33 billion. Target had a return on equity of 24.29% and a net margin of 4.19%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. As a group, equities analysts expect that Target Co. will post 5.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Tuesday, November 20th. Target’s payout ratio is currently 54.35%.

In other Target news, insider Janna A. Potts sold 15,172 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $88.00, for a total value of $1,335,136.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie A. Lundquist sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total value of $180,600.00. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Several research analysts have issued reports on the company. MKM Partners set a $91.00 price objective on Target and gave the stock a “buy” rating in a research report on Friday, June 29th. Wolfe Research cut Target from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 23rd. Loop Capital set a $102.00 price objective on Target and gave the stock a “hold” rating in a research report on Friday, August 17th. Telsey Advisory Group upgraded Target from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $80.00 to $100.00 in a research report on Thursday, August 23rd. Finally, Citigroup increased their price objective on Target from $76.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $87.68.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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