USS Investment Management Ltd increased its position in Target Corporation (NYSE:TGT) by 26.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 341,200 shares of the retailer’s stock after acquiring an additional 71,000 shares during the period. USS Investment Management Ltd owned approximately 0.06% of Target Corporation worth $17,840,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Compton Capital Management Inc. RI increased its holdings in shares of Target Corporation by 0.4% in the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after acquiring an additional 32 shares during the period. Gamble Jones Investment Counsel increased its holdings in shares of Target Corporation by 0.4% in the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after acquiring an additional 44 shares during the period. WealthTrust Fairport LLC increased its holdings in shares of Target Corporation by 0.9% in the 1st quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer’s stock worth $329,000 after acquiring an additional 55 shares during the period. Carlson Capital Management increased its holdings in shares of Target Corporation by 0.9% in the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after acquiring an additional 69 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Target Corporation by 0.8% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after acquiring an additional 74 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Robert M. Harrison sold 2,639 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.
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Target Corporation (NYSE:TGT) opened at 59.96 on Friday. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The firm has a 50 day moving average of $56.66 and a 200 day moving average of $55.03. The firm has a market capitalization of $32.75 billion, a PE ratio of 12.12 and a beta of 0.60.
Target Corporation (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The company had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. Target Corporation’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. Equities analysts forecast that Target Corporation will post $4.51 EPS for the current year.
A number of analysts recently weighed in on the stock. UBS AG reaffirmed a “neutral” rating and issued a $56.00 price objective (down previously from $60.00) on shares of Target Corporation in a report on Tuesday, June 20th. BidaskClub cut shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective on the stock. in a report on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price objective (up previously from $58.00) on shares of Target Corporation in a report on Friday, August 18th. Finally, BMO Capital Markets reaffirmed a “market weight” rating on shares of Target Corporation in a report on Thursday. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company. Target Corporation presently has a consensus rating of “Hold” and a consensus price target of $61.64.
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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