People s United Financial Inc. Has $3.10 Million Stake in Target Corporation (TGT)

People s United Financial Inc. trimmed its holdings in Target Corporation (NYSE:TGT) by 31.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,195 shares of the retailer’s stock after selling 27,047 shares during the period. People s United Financial Inc.’s holdings in Target Corporation were worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cutler Investment Counsel LLC raised its position in shares of Target Corporation by 1.1% in the second quarter. Cutler Investment Counsel LLC now owns 109,410 shares of the retailer’s stock valued at $5,721,000 after buying an additional 1,184 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. raised its position in shares of Target Corporation by 140.9% in the second quarter. Legg Mason Asset Management Japan Co. Ltd. now owns 30,600 shares of the retailer’s stock valued at $1,601,000 after buying an additional 17,900 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Target Corporation in the second quarter valued at approximately $941,000. Nicholas Hoffman & Company LLC. raised its position in shares of Target Corporation by 0.7% in the second quarter. Nicholas Hoffman & Company LLC. now owns 18,329 shares of the retailer’s stock valued at $958,000 after buying an additional 130 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Target Corporation by 12.3% in the second quarter. Voya Investment Management LLC now owns 538,806 shares of the retailer’s stock valued at $28,174,000 after buying an additional 58,905 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “People s United Financial Inc. Has $3.10 Million Stake in Target Corporation (TGT)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/11/people-s-united-financial-inc-has-3-10-million-stake-in-target-corporation-tgt.html.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a research report on Thursday, September 14th. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price target for the company. in a research report on Monday, August 7th. BidaskClub upgraded shares of Target Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Finally, MKM Partners lifted their price target on shares of Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company’s stock. Target Corporation has a consensus rating of “Hold” and a consensus target price of $63.08.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Target Corporation (NYSE TGT) opened at 57.60 on Wednesday. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The firm has a market cap of $31.46 billion, a price-to-earnings ratio of 11.64 and a beta of 0.62. The company has a 50-day moving average of $57.60 and a 200 day moving average of $55.42.

Target Corporation (NYSE:TGT) last released its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Equities analysts expect that Target

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cutler Investment Counsel LLC raised its position in shares of Target Corporation by 1.1% in the second quarter. Cutler Investment Counsel LLC now owns 109,410 shares of the retailer’s stock valued at $5,721,000 after buying an additional 1,184 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. raised its position in shares of Target Corporation by 140.9% in the second quarter. Legg Mason Asset Management Japan Co. Ltd. now owns 30,600 shares of the retailer’s stock valued at $1,601,000 after buying an additional 17,900 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Target Corporation in the second quarter valued at approximately $941,000. Nicholas Hoffman & Company LLC. raised its position in shares of Target Corporation by 0.7% in the second quarter. Nicholas Hoffman & Company LLC. now owns 18,329 shares of the retailer’s stock valued at $958,000 after buying an additional 130 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Target Corporation by 12.3% in the second quarter. Voya Investment Management LLC now owns 538,806 shares of the retailer’s stock valued at $28,174,000 after buying an additional 58,905 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “People s United Financial Inc. Has $3.10 Million Stake in Target Corporation (TGT)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/11/people-s-united-financial-inc-has-3-10-million-stake-in-target-corporation-tgt.html.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a research report on Thursday, September 14th. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price target for the company. in a research report on Monday, August 7th. BidaskClub upgraded shares of Target Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Finally, MKM Partners lifted their price target on shares of Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company’s stock. Target Corporation has a consensus rating of “Hold” and a consensus target price of $63.08.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Target Corporation (NYSE TGT) opened at 57.60 on Wednesday. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The firm has a market cap of $31.46 billion, a price-to-earnings ratio of 11.64 and a beta of 0.62. The company has a 50-day moving average of $57.60 and a 200 day moving average of $55.42.

Target Corporation (NYSE:TGT) last released its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Equities analysts expect that Target Corporation will post $4.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is presently 50.00%.

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.

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

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