Virtu KCG Holdings LLC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,169 shares of the retailer’s stock after buying an additional 8,033 shares during the period. Virtu KCG Holdings LLC’s holdings in Target Corporation were worth $2,100,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted 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 during the period. Vanguard Group Inc. boosted its stake in Target Corporation by 0.4% during the second quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock valued at $1,942,803,000 after buying an additional 130,252 shares during the period. Franklin Resources Inc. boosted its stake in Target Corporation by 8.7% during the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock valued at $1,103,994,000 after buying an additional 1,686,774 shares during the period. Dodge & Cox boosted its stake in Target Corporation by 83.3% during the second quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock valued at $1,047,119,000 after buying an additional 9,102,526 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted 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 during the period. 83.22% of the stock is owned by institutional investors.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.
Several research firms recently issued reports on TGT. Vetr lowered Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price objective for the company. in a research note on Thursday, July 20th. UBS AG reissued a “neutral” rating and set a $56.00 price objective (down previously from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. BMO Capital Markets reissued a “market perform” rating and set a $67.00 price objective (up previously from $62.00) on shares of Target Corporation in a research note on Friday, August 18th. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price objective (up previously from $58.00) on shares of Target Corporation in a research note on Friday, August 18th. Finally, Citigroup Inc. lowered Target Corporation from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $51.00 to $56.00 in a research note on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $61.62.
Shares of Target Corporation (TGT) opened at 57.12 on Friday. The stock has a 50 day moving average price of $57.55 and a 200-day moving average price of $55.34. The company has a market cap of $31.20 billion, a price-to-earnings ratio of 11.54 and a beta of 0.62. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33.
Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 earnings per share. Equities research analysts forecast that Target Corporation will post $4.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. 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 50.00%.
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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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