Prudential PLC Has $12.47 Million Holdings in Target Corporation (TGT)

Prudential PLC raised its position in Target Corporation (NYSE:TGT) by 40.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,561 shares of the retailer’s stock after acquiring an additional 68,442 shares during the quarter. Prudential PLC’s holdings in Target Corporation were worth $12,474,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TGT. Parallel Advisors LLC boosted its stake in shares of Target Corporation by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Target Corporation by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after purchasing an additional 204 shares in the last quarter. Davidson Investment Advisors boosted its stake in shares of Target Corporation by 18.5% during the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after purchasing an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of Target Corporation by 19.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after purchasing an additional 445 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in shares of Target Corporation by 6.7% during the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 83.23% of the company’s stock.

Target Corporation (TGT) opened at 59.15 on Thursday. The stock has a market capitalization of $32.31 billion, a PE ratio of 11.95 and a beta of 0.62. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The stock’s 50 day moving average is $57.67 and its 200 day moving average is $55.45.

Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating 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 analysts’ expectations of $16.30 billion. During the same period last year, the business earned $1.23 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Target Corporation will post $4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is presently 50.00%.

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In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. TheStreet raised shares of Target Corporation from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Vetr lowered shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 target price on the stock. in a research note on Monday, August 7th. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Finally, MKM Partners lifted their target price on shares of Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the stock. Target Corporation currently has an average rating of “Hold” and a consensus price target of $63.08.

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.

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Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

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