Raymond James Trust N.A. boosted its position in shares of Target Corporation (NYSE:TGT) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,017 shares of the retailer’s stock after buying an additional 11,483 shares during the quarter. Raymond James Trust N.A.’s holdings in Target Corporation were worth $6,079,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of TGT. Tiedemann Wealth Management LLC increased its position in shares of Target Corporation by 6.6% in the 1st quarter. Tiedemann Wealth Management LLC now owns 29,283 shares of the retailer’s stock valued at $1,616,000 after buying an additional 1,806 shares in the last quarter. First National Trust Co. lifted its stake in Target Corporation by 26.7% in the 1st quarter. First National Trust Co. now owns 46,723 shares of the retailer’s stock valued at $2,578,000 after purchasing an additional 9,839 shares during the last quarter. Oxford Asset Management acquired a new stake in Target Corporation in the 1st quarter valued at about $2,487,000. Wealthsource Partners LLC lifted its stake in Target Corporation by 289.7% in the 1st quarter. Wealthsource Partners LLC now owns 12,334 shares of the retailer’s stock valued at $681,000 after purchasing an additional 9,169 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its position in Target Corporation by 18.0% during the first quarter. Morgan Dempsey Capital Management LLC now owns 56,155 shares of the retailer’s stock worth $3,101,000 after acquiring an additional 8,556 shares during the last quarter. 83.70% of the stock is currently owned by institutional investors.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction dated 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 SEC, which is available through this hyperlink. 0.25% of the stock is owned by insiders.
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TGT has been the topic of several recent research reports. Wells Fargo & Company assumed coverage on shares of Target Corporation in a report on Friday, November 3rd. They set a “market perform” rating and a $62.00 target price on the stock. Zacks Investment Research cut shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Stifel Nicolaus set a $60.00 price target on shares of Target Corporation and gave the stock a “hold” rating in a report on Wednesday, October 18th. MKM Partners initiated coverage on shares of Target Corporation in a report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target on the stock. Finally, TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.68.
Shares of Target Corporation (NYSE:TGT) opened at $61.40 on Friday. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.26. The stock has a market cap of $32,719.29, a PE ratio of 12.15, a price-to-earnings-growth ratio of 2.83 and a beta of 0.63.
Target Corporation (NYSE:TGT) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $16.30 billion. During the same period in the prior year, the firm posted $1.23 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. equities analysts predict that Target Corporation will post 4.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a $0.62 dividend. 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 50.00%.
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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