San Francisco Sentry Investment Group CA lifted its position in shares of Target Corporation (NYSE:TGT) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,430 shares of the retailer’s stock after buying an additional 550 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Target Corporation were worth $388,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in Target Corporation by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares during the last quarter. Penserra Capital Management LLC increased its position in Target Corporation by 9.5% during the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after purchasing an additional 204 shares during the last quarter. Davidson Investment Advisors increased its position in Target Corporation by 18.5% during the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in Target Corporation by 19.1% during the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares during the last quarter. Finally, Sandy Spring Bank increased its position in Target Corporation by 6.7% during the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares during the last quarter. 83.23% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on TGT. Vetr lowered shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price target for the company. in a research report on Thursday, July 20th. UBS AG reaffirmed a “neutral” rating and set a $56.00 price target (down previously from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $67.00 price target (up previously from $62.00) on shares of Target Corporation in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price target (up previously from $58.00) on shares of Target Corporation in a research report on Friday, August 18th. Finally, Citigroup Inc. lowered shares of Target Corporation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $51.00 to $56.00 in a research report on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. Target Corporation presently has a consensus rating of “Hold” and a consensus price target of $63.08.
Target Corporation (TGT) opened at 60.19 on Friday. The company has a market capitalization of $32.88 billion, a P/E ratio of 12.16 and a beta of 0.62. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The firm’s 50-day moving average is $57.78 and its 200-day moving average is $55.48.
Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 quarter in the previous year, the firm posted $1.23 earnings per share. Target Corporation’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts predict that Target Corporation will post $4.51 EPS for the current 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 given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is currently 50.00%.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
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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