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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