Target Corporation (TGT) Stake Held by Barber Financial Group Inc.

Barber Financial Group Inc. held its stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,220 shares of the retailer’s stock at the close of the 2nd quarter. Barber Financial Group Inc.’s holdings in Target Corporation were worth $325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. BlackRock Inc. lifted its stake in Target Corporation by 2,069.0% during the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock valued at $2,596,495,000 after buying an additional 44,877,391 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Target Corporation by 14.2% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock valued at $568,896,000 after buying an additional 1,279,077 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Target Corporation by 11.6% during the first quarter. Bank of New York Mellon Corp now owns 9,555,703 shares of the retailer’s stock valued at $527,380,000 after buying an additional 996,689 shares in the last quarter. Morgan Stanley lifted its stake in Target Corporation by 1.6% during the first quarter. Morgan Stanley now owns 6,716,718 shares of the retailer’s stock valued at $370,696,000 after buying an additional 107,163 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Target Corporation by 8.9% during the first quarter. Geode Capital Management LLC now owns 6,035,990 shares of the retailer’s stock valued at $332,703,000 after buying an additional 494,836 shares in the last quarter. 83.33% of the stock is owned by institutional investors.

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A number of analysts have commented on the stock. Vetr raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $59.66 price objective for the company in a research note on Monday, June 19th. ValuEngine lowered shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Target Corporation in a research note on Friday, July 14th. Finally, MKM Partners upped their price objective on shares of Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the stock. Target Corporation presently has a consensus rating of “Hold” and an average target price of $61.64.

Shares of Target Corporation (NYSE:TGT) opened at 59.46 on Friday. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The company has a market cap of $32.48 billion, a PE ratio of 12.01 and a beta of 0.60. The firm’s 50-day moving average price is $56.55 and its 200-day moving average price is $55.08.

Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion for 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 business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 EPS. Equities analysts predict that Target Corporation will post $4.51 EPS for the current fiscal year.

In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the business’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 SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

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