Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. reduced its position in Target Corporation (NYSE:TGT) by 0.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 21,885 shares of the retailer’s stock after selling 130 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Target Corporation were worth $1,208,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of TGT. Cribstone Capital Management LLC raised its stake in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the period. Reilly Financial Advisors LLC raised its stake in Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the period. Pinnacle Bank acquired a new stake in Target Corporation during the first quarter valued at $123,000. Peoples Financial Services CORP. raised its stake in Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the period. Finally, Penserra Capital Management LLC raised its stake in Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after buying an additional 204 shares during the period. Institutional investors own 83.12% of the company’s stock.
Target Corporation (NYSE:TGT) traded up 0.11% during midday trading on Friday, hitting $56.11. The stock had a trading volume of 5,371,968 shares. The firm’s 50-day moving average price is $53.29 and its 200 day moving average price is $57.20. The company has a market cap of $30.96 billion, a P/E ratio of 11.50 and a beta of 0.60. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33.
Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The company had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts expect that Target Corporation will post $4.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Monday, August 14th. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio (DPR) is 48.98%.
Several analysts recently weighed in on TGT shares. ValuEngine lowered Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 price objective (up from $56.00) on shares of Target Corporation in a research note on Friday, May 19th. Vetr raised Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 price target on the stock in a research note on Wednesday, May 10th. Zacks Investment Research raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $62.01.
In related news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.
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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