Peak Asset Management LLC Has $651,000 Stake in Target Corporation (NYSE:TGT)

Peak Asset Management LLC increased its stake in Target Corporation (NYSE:TGT) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,800 shares of the retailer’s stock after buying an additional 1,686 shares during the period. Peak Asset Management LLC’s holdings in Target Corporation were worth $651,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Putnam Investments LLC raised its position in Target Corporation by 4.0% in the fourth quarter. Putnam Investments LLC now owns 680,156 shares of the retailer’s stock valued at $49,128,000 after buying an additional 26,410 shares during the last quarter. Miles Capital Inc. raised its position in Target Corporation by 4.9% in the fourth quarter. Miles Capital Inc. now owns 13,954 shares of the retailer’s stock valued at $1,008,000 after buying an additional 656 shares during the last quarter. SNS Financial Group LLC raised its position in Target Corporation by 7.0% in the fourth quarter. SNS Financial Group LLC now owns 91,370 shares of the retailer’s stock valued at $6,600,000 after buying an additional 5,978 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Target Corporation during the fourth quarter valued at about $447,000. Finally, Norges Bank bought a new position in Target Corporation during the fourth quarter valued at about $460,220,000. Institutional investors own 83.21% of the company’s stock.

Shares of Target Corporation (NYSE:TGT) opened at 54.84 on Friday. The stock’s 50 day moving average price is $53.27 and its 200-day moving average price is $57.84. The company has a market cap of $30.26 billion, a PE ratio of 11.24 and a beta of 0.60. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33.

Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion for the quarter, compared to analyst estimates of $15.63 billion. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. Target Corporation’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. Analysts expect that Target Corporation will post $4.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.62 per share. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation’s dividend payout ratio (DPR) is 48.98%.

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Several equities analysts have recently issued reports on TGT shares. TheStreet lowered Target Corporation from a “b-” rating to a “c+” rating in a research report on Monday, March 27th. Vetr lowered Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.11 target price for the company. in a research report on Monday, April 10th. Buckingham Research restated a “buy” rating and set a $71.00 target price on shares of Target Corporation in a research report on Wednesday, April 19th. Gordon Haskett started coverage on Target Corporation in a research report on Tuesday, May 9th. They set a “sell” rating and a $47.00 target price for the company. Finally, Zacks Investment Research upgraded Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. Target Corporation has a consensus rating of “Hold” and an average price target of $62.94.

In related news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.

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.

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

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