New York State Teachers Retirement System reduced its position in Target Co. (NYSE:TGT) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 818,867 shares of the retailer’s stock after selling 30,092 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Target worth $70,922,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Radnor Capital Management LLC increased its holdings in Target by 1.8% during the second quarter. Radnor Capital Management LLC now owns 10,034 shares of the retailer’s stock valued at $869,000 after buying an additional 175 shares during the period. Spearhead Capital Advisors LLC increased its holdings in Target by 2.8% during the second quarter. Spearhead Capital Advisors LLC now owns 53,238 shares of the retailer’s stock valued at $4,611,000 after buying an additional 1,431 shares during the period. Wealth Alliance Advisory Group LLC purchased a new position in Target during the second quarter valued at approximately $208,000. American National Bank increased its holdings in Target by 2.3% during the second quarter. American National Bank now owns 50,059 shares of the retailer’s stock valued at $4,336,000 after buying an additional 1,106 shares during the period. Finally, Verity & Verity LLC increased its holdings in Target by 17.8% during the second quarter. Verity & Verity LLC now owns 70,753 shares of the retailer’s stock valued at $6,128,000 after buying an additional 10,678 shares during the period. 83.35% of the stock is currently owned by institutional investors.

In other news, insider Janna A. Potts sold 8,759 shares of Target stock in a transaction 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 completion of the sale, the insider now directly owns 27,720 shares in the company, valued at $2,189,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Edward Mcnamara sold 11,891 shares of Target stock in a transaction on Tuesday, July 9th. The stock was 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 33,180 shares of company stock valued at $2,854,650 over the last quarter. Insiders own 0.19% of the company’s stock.

Shares of NYSE:TGT traded down $0.91 on Friday, hitting $87.06. 5,315,879 shares of the company were exchanged, compared to its average volume of 3,685,385. Target Co. has a 1-year low of $60.15 and a 1-year high of $90.39. The stock has a 50 day moving average price of $87.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.88 and a quick ratio of 0.19. The stock has a market cap of $44.60 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 2.08 and a beta of 0.60.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.10. Target had a net margin of 3.96% and a return on equity of 26.48%. The business had revenue of $17.63 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that Target Co. will post 5.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid 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 dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 20th. Target’s payout ratio is presently 47.50%.

Several equities analysts recently issued reports on the stock. Bank of America set a $30.00 price objective on shares of L Brands and gave the company a “hold” rating in a report on Thursday, May 23rd. Credit Suisse Group upgraded shares of Vipshop from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 23rd. Citigroup downgraded shares of Barrick Gold to a “neutral” rating in a research note on Thursday, May 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $64.00 target price (up from $58.00) on shares of Las Vegas Sands in a research note on Thursday, April 18th. Finally, Deutsche Bank assumed coverage on shares of Target in a research note on Monday, July 15th. They issued a “hold” rating and a $85.00 target price for the company. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $89.88.

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

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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