Palisade Asset Management LLC Raises Position in Target Corporation (TGT)

Palisade Asset Management LLC grew its stake in Target Corporation (NYSE:TGT) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,654 shares of the retailer’s stock after buying an additional 2,830 shares during the quarter. Target Corporation accounts for about 2.2% of Palisade Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. Palisade Asset Management LLC’s holdings in Target Corporation were worth $11,605,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Target Corporation by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after buying an additional 399 shares during the period. Davidson Investment Advisors boosted its holdings in shares of Target Corporation by 18.5% in the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after buying an additional 400 shares during the period. Kistler Tiffany Companies LLC boosted its holdings in shares of Target Corporation by 19.1% in the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after buying an additional 445 shares during the period. Sandy Spring Bank boosted its holdings in shares of Target Corporation by 6.7% in the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after buying an additional 185 shares during the period. Finally, Rowland & Co. Investment Counsel ADV boosted its holdings in shares of Target Corporation by 4.7% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock valued at $155,000 after buying an additional 132 shares during the period. Institutional investors own 83.70% of the company’s stock. Get Target Corporation alerts: In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders. Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Stifel Nicolaus set a $60.00 price target on shares of Target Corporation and gave the company a “hold” rating in a report on Wednesday, October 18th. MKM Partners assumed coverage on shares of Target Corporation in a report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price target for the company. Wells Fargo & Company began coverage on shares of Target Corporation in a report on Friday, November 3rd. They set a “market perform” rating and a $62.00 target price for the company. Finally, BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a report on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $63.68. Target Corporation (TGT) traded up $0.79 during trading hours on Wednesday, reaching $58.68. 2,682,838 shares of the company were exchanged, compared to its average volume of 5,963,414. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The company has a market capitalization of $32,386.08, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same period last year, the firm earned $1.23 earnings per share. Target Corporation’s revenue for the quarter was up 1.6% compared to the same quarter last year. analysts anticipate that Target Corporation will post 4.49 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio is 50.00%. 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.