Strs Ohio increased its position in shares of Target Corporation (NYSE:TGT) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 454,636 shares of the retailer’s stock after purchasing an additional 2,129 shares during the period. Strs Ohio owned 0.08% of Target Corporation worth $26,828,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Target Corporation by 2,069.0% in the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock worth $2,596,495,000 after acquiring an additional 44,877,391 shares during the last quarter. Dodge & Cox lifted its position in shares of Target Corporation by 83.3% during the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after buying an additional 9,102,526 shares during the last quarter. Capital Research Global Investors purchased a new stake in shares of Target Corporation during the 2nd quarter worth approximately $235,305,000. Franklin Resources Inc. lifted its position in shares of Target Corporation by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after buying an additional 1,686,774 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Target Corporation by 14.2% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock worth $568,896,000 after buying an additional 1,279,077 shares during the last quarter. Institutional investors and hedge funds own 83.70% of the company’s stock.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was 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. Company insiders own 0.25% of the company’s stock.
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Several research firms recently commented on TGT. Zacks Investment Research downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Stifel Nicolaus set a $60.00 price objective on shares of Target Corporation and gave the company a “hold” rating in a research note on Wednesday, October 18th. MKM Partners began coverage on shares of Target Corporation in a research note on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price objective on the stock. Wells Fargo & Company assumed coverage on shares of Target Corporation in a research note on Friday, November 3rd. They issued a “market perform” rating and a $62.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. Target Corporation currently has a consensus rating of “Hold” and an average target price of $63.68.
Target Corporation (TGT) traded up $1.50 during mid-day trading on Friday, hitting $61.40. 6,854,400 shares of the stock were exchanged, compared to its average volume of 7,169,104. Target Corporation has a twelve month low of $48.56 and a twelve month high of $79.33. The firm has a market capitalization of $32,719.29, a P/E ratio of 12.15, a P/E/G ratio of 2.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.26.
Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The firm 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 posted $1.23 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. research analysts forecast 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. Shareholders 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 4.04%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is 50.00%.
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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