The 16,164 Shares in Target Corporation (TGT) Acquired by Sawtooth Solutions LLC, Report finds

Several other hedge funds have also recently bought and sold shares of TGT. BlackRock Fund Advisors raised its stake in shares of Target Corporation by 2.0% in the third quarter. BlackRock Fund Advisors now owns 8,348,981 shares of the retailer’s stock valued at $573,408,000 after buying an additional 165,621 shares during the period. BlackRock Group LTD raised its stake in shares of Target Corporation by 3.9% in the second quarter. BlackRock Group LTD now owns 6,339,423 shares of the retailer’s stock valued at $442,618,000 after buying an additional 236,371 shares during the period. LSV Asset Management raised its stake in shares of Target Corporation by 6.4% in the third quarter. LSV Asset Management now owns 4,849,168 shares of the retailer’s stock valued at $333,040,000 after buying an additional 292,180 shares during the period. Morgan Stanley raised its stake in shares of Target Corporation by 31.8% in the third quarter. Morgan Stanley now owns 4,338,213 shares of the retailer’s stock valued at $297,947,000 after buying an additional 1,045,711 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of Target Corporation by 9.3% in the third quarter. APG Asset Management N.V. now owns 4,208,486 shares of the retailer’s stock valued at $289,039,000 after buying an additional 357,100 shares during the period. Institutional investors own 88.24% of the company’s stock.

Sawtooth Solutions LLC bought a new position in Target Corporation (NYSE:TGT) during the third quarter, Holdings Channel reports. The firm bought 16,164 shares of the retailer’s stock, valued at approximately $1,110,000.

Shares of Target Corporation (NYSE:TGT) opened at 65.13 on Monday. The firm has a 50-day moving average of $67.98 and a 200 day moving average of $70.94. The stock has a market cap of $36.58 billion, a PE ratio of 11.59 and a beta of 0.63. Target Corporation has a 52 week low of $62.94 and a 52 week high of $84.14.

Target Corporation (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 16th. The retailer reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.21. The firm had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a net margin of 4.75% and a return on equity of 25.18%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, equities analysts forecast that Target Corporation will post $5.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Wednesday, February 15th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.40 annualized dividend and a yield of 3.65%. Target Corporation’s dividend payout ratio is presently 42.93%.

Several equities analysts have recently issued reports on TGT shares. Citigroup Inc. reiterated a “buy” rating and set a $80.00 target price on shares of Target Corporation in a report on Wednesday, December 28th. Zacks Investment Research upgraded shares of Target Corporation from a “sell” rating to a “hold” rating and set a $85.00 target price for the company in a report on Monday, November 14th. Buckingham Research reiterated a “buy” rating and set a $77.00 target price (down from $85.00) on shares of Target Corporation in a report on Wednesday, January 18th. Morgan Stanley reiterated an “underweight” rating and set a $65.00 target price on shares of Target Corporation in a report on Wednesday, January 18th. Finally, Vetr lowered shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $72.80 target price for the company. in a report on Thursday. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $73.92.

In related news, Director Roxanne S. Austin sold 3,957 shares of the firm’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $77.87, for a total transaction of $308,131.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.25% of the stock is currently owned by company insiders.

Target Corporation Company Profile

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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