Target Corporation (NYSE:TGT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in Target Corporation (NYSE:TGT - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,203,224 shares of the retailer's stock after selling 43,646 shares during the period. Envestnet Asset Management Inc. owned about 0.26% of Target worth $125,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Target during the 1st quarter worth $104,000. Concurrent Investment Advisors LLC grew its position in shares of Target by 15.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 39,100 shares of the retailer's stock worth $4,080,000 after buying an additional 5,340 shares in the last quarter. World Investment Advisors grew its position in shares of Target by 29.5% during the 1st quarter. World Investment Advisors now owns 9,595 shares of the retailer's stock worth $1,001,000 after buying an additional 2,187 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Target during the 1st quarter worth $95,000. Finally, Strategic Blueprint LLC grew its position in shares of Target by 7.7% during the 1st quarter. Strategic Blueprint LLC now owns 2,924 shares of the retailer's stock worth $305,000 after buying an additional 208 shares in the last quarter. Institutional investors own 79.73% of the company's stock.

Target Stock Performance

TGT stock traded up $0.05 during trading on Friday, hitting $104.79. 1,799,396 shares of the company traded hands, compared to its average volume of 7,225,649. The stock's 50-day simple moving average is $97.55 and its 200 day simple moving average is $110.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $47.61 billion, a PE ratio of 11.53, a P/E/G ratio of 2.93 and a beta of 1.22. Target Corporation has a 1 year low of $87.35 and a 1 year high of $167.40.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). The company had revenue of $24.20 billion for the quarter, compared to analysts' expectations of $24.54 billion. Target had a net margin of 3.95% and a return on equity of 25.59%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.03 earnings per share. On average, equities analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's dividend payout ratio is currently 49.23%.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the sale, the insider directly owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent research reports. Robert W. Baird set a $100.00 price objective on Target in a research report on Thursday, May 22nd. Citigroup dropped their price objective on Target from $97.00 to $94.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on Target from $105.00 to $109.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded Target from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, DA Davidson dropped their price objective on Target from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $116.70.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.