Fort Washington Investment Advisors Inc. OH continued to hold its position in Target Corporation (NYSE:TGT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,316 shares of the retailer’s stock at the end of the first quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Target Corporation were worth $2,225,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cribstone Capital Management LLC boosted its stake in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock worth $101,000 after buying an additional 1,016 shares in the last quarter. Reilly Financial Advisors LLC raised its position in Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the last quarter. Pinnacle Bank purchased a new position in Target Corporation during the first quarter valued at $123,000. Peoples Financial Services CORP. raised its position in Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after buying an additional 204 shares during the last quarter. Institutional investors own 82.63% of the company’s stock.
Target Corporation (NYSE TGT) traded up 1.49% during trading on Tuesday, reaching $58.74. 8,127,834 shares of the company’s stock traded hands. The company has a 50-day moving average of $53.26 and a 200 day moving average of $56.79. The stock has a market capitalization of $32.41 billion, a P/E ratio of 12.04 and a beta of 0.61. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33.
Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The company had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Target Corporation’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that Target Corporation will post $4.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.22%. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation’s dividend payout ratio is currently 48.98%.
Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 target price (up from $56.00) on shares of Target Corporation in a research note on Friday, May 19th. Vetr raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 price objective on the stock in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Finally, BidaskClub upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Target Corporation has a consensus rating of “Hold” and an average price target of $61.99.
In other news, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.
About Target Corporation
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.
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