Cliftonlarsonallen Wealth Advisors LLC lessened its position in shares of Target Corporation (NYSE:TGT) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,890 shares of the retailer’s stock after selling 1,115 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Target Corporation were worth $997,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Carnick & Kubik Group LLC purchased a new stake in shares of Target Corporation in the third quarter worth about $554,000. CAPROCK Group Inc. purchased a new stake in shares of Target Corporation in the third quarter worth about $832,000. Boston Private Wealth LLC boosted its position in shares of Target Corporation by 4.5% in the second quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer’s stock worth $2,795,000 after buying an additional 2,285 shares during the period. Conning Inc. boosted its position in shares of Target Corporation by 2.1% in the second quarter. Conning Inc. now owns 522,523 shares of the retailer’s stock worth $27,323,000 after buying an additional 10,966 shares during the period. Finally, Patten & Patten Inc. TN purchased a new stake in shares of Target Corporation in the second quarter worth about $234,000. 83.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Target Corporation (NYSE:TGT) traded up $1.50 during midday trading on Friday, reaching $61.40. The company’s stock had a trading volume of 6,854,400 shares, compared to its average volume of 5,563,349. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The company has a market cap of $33,538.64, a price-to-earnings ratio of 12.45, a P/E/G ratio of 2.90 and a beta of 0.63. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33.
Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The firm had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. analysts predict that Target Corporation will post 4.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is currently 50.00%.
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TGT has been the subject of several analyst reports. Vetr raised Target Corporation from a “buy” rating to a “strong-buy” rating and set a $60.06 target price for the company in a research report on Monday, July 17th. BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. MKM Partners reaffirmed a “neutral” rating on shares of Target Corporation in a research report on Tuesday, August 15th. Gordon Haskett raised Target Corporation from a “sell” rating to a “hold” rating and upped their target price for the stock from $47.00 to $58.00 in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $67.00 price target (up previously from $62.00) on shares of Target Corporation in a research note on Friday, August 18th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $63.68.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction on Friday, September 15th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.
Target Corporation Company 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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