Ironwood Investment Counsel LLC held its position in shares of Target Corporation (NYSE:TGT) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,181 shares of the retailer’s stock at the end of the 2nd quarter. Ironwood Investment Counsel LLC’s holdings in Target Corporation were worth $561,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Target Corporation by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,128,874 shares of the retailer’s stock worth $111,314,000 after purchasing an additional 73,165 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in Target Corporation by 25.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 40,169 shares of the retailer’s stock worth $2,100,000 after purchasing an additional 8,033 shares during the last quarter. Hancock Holding Co. purchased a new stake in Target Corporation during the 2nd quarter worth approximately $3,089,000. Baker Avenue Asset Management LP purchased a new stake in Target Corporation during the 2nd quarter worth approximately $778,000. Finally, Parametric Portfolio Associates LLC increased its holdings in Target Corporation by 40.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,542,800 shares of the retailer’s stock worth $80,673,000 after purchasing an additional 444,688 shares during the last quarter. Institutional investors own 83.22% of the company’s stock.
Several equities research analysts have issued reports on the company. BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a report on Thursday, September 14th. TheStreet upgraded Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Vetr downgraded 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. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, MKM Partners lifted their price objective on Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a report 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 company. Target Corporation has an average rating of “Hold” and an average price target of $61.62.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Target Corporation (TGT) opened at 57.12 on Friday. The company’s 50-day moving average price is $57.55 and its 200-day moving average price is $55.34. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The firm has a market cap of $31.20 billion, a price-to-earnings ratio of 11.54 and a beta of 0.62.
Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $16.30 billion. During the same quarter in the prior year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Target Corporation will post $4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.34%. Target Corporation’s payout ratio is presently 50.00%.
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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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