Juncture Wealth Strategies LLC increased its position in shares of Target Co. (NYSE:TGT) by 42.4% in the second quarter, HoldingsChannel reports. The firm owned 4,700 shares of the retailer’s stock after purchasing an additional 1,400 shares during the period. Juncture Wealth Strategies LLC’s holdings in Target were worth $407,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Larson Financial Group LLC bought a new position in shares of Target in the 2nd quarter valued at about $31,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Target by 62.2% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 365 shares of the retailer’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Target in the 1st quarter valued at about $31,000. Advisory Alpha LLC bought a new position in shares of Target in the 1st quarter valued at about $30,000. Finally, C J Advisory Inc bought a new position in shares of Target in the 1st quarter valued at about $33,000. 83.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:TGT opened at $87.06 on Friday. The firm has a market cap of $44.60 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60. The company has a 50 day moving average price of $87.48. 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 announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. The business had revenue of $17.63 billion for the quarter, compared to the consensus estimate of $17.49 billion. Target had a net margin of 3.96% and a return on equity of 26.48%. Target’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.32 EPS. On average, equities analysts anticipate that Target Co. will post 5.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $0.66 per share. This is an increase from Target’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 20th. Target’s dividend payout ratio (DPR) is 47.50%.

Several research analysts have recently issued reports on TGT shares. Bank of America set a $30.00 target price on shares of L Brands and gave the company a “hold” rating in a research note on Thursday, May 23rd. Barclays raised shares of Encompass Health from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $70.00 in a research note on Thursday, May 30th. Morgan Stanley raised their target price on shares of United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Sanford C. Bernstein set a €87.00 ($101.16) target price on shares of Henkel AG & Co KGaA and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Credit Suisse Group raised shares of Vipshop from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 23rd. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Target currently has an average rating of “Buy” and a consensus target price of $89.88.

In other Target news, insider Stephanie A. Lundquist sold 8,367 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $88.01, for a total transaction of $736,379.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Janna A. Potts sold 8,759 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 27,720 shares in the company, valued at $2,189,880. 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 90 days. Corporate insiders own 0.19% of the company’s stock.

Target Company 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 décor products, electronics, toys, seasonal offerings, and other merchandise.

See Also: What are different types of coverage ratios?

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.