Target Corporation (TGT) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC reduced its position in Target Corporation (NYSE:TGT) by 40.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,595 shares of the retailer’s stock after selling 5,773 shares during the period. Perigon Wealth Management LLC’s holdings in Target Corporation were worth $449,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Intl Fcstone Inc. purchased a new stake in shares of Target Corporation in the second quarter worth about $291,000. Griffin Asset Management Inc. purchased a new stake in shares of Target Corporation in the second quarter worth about $3,689,000. Toronto Dominion Bank lifted its position in shares of Target Corporation by 22.2% in the second quarter. Toronto Dominion Bank now owns 190,713 shares of the retailer’s stock worth $9,971,000 after buying an additional 34,603 shares in the last quarter. Family Management Corp purchased a new stake in shares of Target Corporation in the second quarter worth about $418,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Target Corporation in the second quarter worth about $324,000. Institutional investors own 83.23% of the company’s stock.

Target Corporation (NYSE:TGT) opened at 61.76 on Friday. The company has a market cap of $33.74 billion, a PE ratio of 12.48 and a beta of 0.62. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The company has a 50-day moving average price of $58.82 and a 200 day moving average price of $55.75.

Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Target Corporation will post $4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a $0.62 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 annualized dividend and a yield of 4.02%. Target Corporation’s dividend payout ratio (DPR) is presently 50.00%.

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In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on TGT shares. Vetr downgraded Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 target price on the stock. in a research report on Thursday, July 20th. BMO Capital Markets boosted their price objective on Target Corporation from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reissued a “market perform” rating and set a $64.00 price objective on shares of Target Corporation in a research note on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Target Corporation in a research note on Friday, August 25th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the stock. Target Corporation currently has a consensus rating of “Hold” and a consensus price target of $63.75.

Target Corporation Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

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