Target Corporation (NYSE:TGT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in Target Corporation (NYSE:TGT - Free Report) by 20.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,940 shares of the retailer's stock after selling 10,711 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Target were worth $4,481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Continuum Advisory LLC boosted its holdings in shares of Target by 202.7% in the 1st quarter. Continuum Advisory LLC now owns 557 shares of the retailer's stock valued at $58,000 after buying an additional 373 shares in the last quarter. Shariaportfolio Inc. boosted its stake in Target by 27.7% in the first quarter. Shariaportfolio Inc. now owns 17,929 shares of the retailer's stock valued at $1,871,000 after acquiring an additional 3,892 shares in the last quarter. Park Capital Management LLC WI boosted its stake in Target by 1.9% in the first quarter. Park Capital Management LLC WI now owns 7,140 shares of the retailer's stock valued at $745,000 after acquiring an additional 131 shares in the last quarter. Stiles Financial Services Inc boosted its stake in Target by 8.1% in the first quarter. Stiles Financial Services Inc now owns 27,762 shares of the retailer's stock valued at $2,898,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Jmac Enterprises LLC acquired a new position in Target in the first quarter valued at $219,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGT. Guggenheim decreased their target price on Target from $155.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Wall Street Zen downgraded Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. KGI Securities set a $132.00 price objective on Target in a report on Wednesday, March 5th. Baird R W downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Mizuho lowered their price objective on shares of Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $116.70.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the transaction, the insider now owns 246,453 shares in the company, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

Target Price Performance

Target stock opened at $97.55 on Wednesday. Target Corporation has a 52-week low of $87.35 and a 52-week high of $167.40. The firm has a market capitalization of $44.32 billion, a P/E ratio of 10.72, a PEG ratio of 2.78 and a beta of 1.22. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average of $95.82 and a 200-day moving average of $113.44.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a net margin of 3.95% and a return on equity of 25.59%. The business had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same quarter last year, the business earned $2.03 EPS. Target's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.59%. The ex-dividend date is Wednesday, August 13th. Target's dividend payout ratio is currently 49.23%.

Target Company 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.

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