Curbstone Financial Management Corp Boosts Position in Target Corporation (TGT)

Curbstone Financial Management Corp increased its holdings in shares of Target Corporation (NYSE:TGT) by 108.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,158 shares of the retailer’s stock after acquiring an additional 7,870 shares during the period. Curbstone Financial Management Corp’s holdings in Target Corporation were worth $894,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Park National Corp OH lifted its stake in shares of Target Corporation by 3.9% in the third quarter. Park National Corp OH now owns 418,243 shares of the retailer’s stock worth $24,680,000 after buying an additional 15,801 shares in the last quarter. Intl Fcstone Inc. bought a new position in shares of Target Corporation in the second quarter worth approximately $291,000. Griffin Asset Management Inc. bought a new position in shares of Target Corporation in the second quarter worth approximately $3,689,000. Toronto Dominion Bank lifted its stake in shares of Target Corporation by 22.2% in the second quarter. Toronto Dominion Bank now owns 190,713 shares of the retailer’s stock worth $9,971,000 after buying an additional 34,603 shares in the last quarter. Finally, Family Management Corp bought a new position in shares of Target Corporation in the second quarter worth approximately $418,000. 83.23% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: “Curbstone Financial Management Corp Boosts Position in Target Corporation (TGT)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/20/curbstone-financial-management-corp-boosts-position-in-target-corporation-tgt.html.

Shares of Target Corporation (TGT) traded up 1.41% during mid-day trading on Friday, hitting $61.28. 1,345,589 shares of the stock were exchanged. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The stock’s 50-day moving average price is $58.61 and its 200-day moving average price is $55.69. The company has a market cap of $33.47 billion, a P/E ratio of 12.38 and a beta of 0.62.

Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the 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 net margin of 3.99% and a return on equity of 25.06%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Equities research analysts anticipate that Target Corporation will post $4.51 earnings per share for the current fiscal year.

The company 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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is 50.00%.

Several brokerages have recently issued reports on TGT. BidaskClub upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price on shares of Target Corporation in a research note on Friday, July 14th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $57.89 target price on the stock. in a research note on Thursday, August 17th. MKM Partners upped their target price on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $64.00 target price on shares of Target Corporation in a research note on Friday, July 14th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. The stock has an average rating

A number of other large investors have also bought and sold shares of the stock. Park National Corp OH lifted its stake in shares of Target Corporation by 3.9% in the third quarter. Park National Corp OH now owns 418,243 shares of the retailer’s stock worth $24,680,000 after buying an additional 15,801 shares in the last quarter. Intl Fcstone Inc. bought a new position in shares of Target Corporation in the second quarter worth approximately $291,000. Griffin Asset Management Inc. bought a new position in shares of Target Corporation in the second quarter worth approximately $3,689,000. Toronto Dominion Bank lifted its stake in shares of Target Corporation by 22.2% in the second quarter. Toronto Dominion Bank now owns 190,713 shares of the retailer’s stock worth $9,971,000 after buying an additional 34,603 shares in the last quarter. Finally, Family Management Corp bought a new position in shares of Target Corporation in the second quarter worth approximately $418,000. 83.23% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: “Curbstone Financial Management Corp Boosts Position in Target Corporation (TGT)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/20/curbstone-financial-management-corp-boosts-position-in-target-corporation-tgt.html.

Shares of Target Corporation (TGT) traded up 1.41% during mid-day trading on Friday, hitting $61.28. 1,345,589 shares of the stock were exchanged. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The stock’s 50-day moving average price is $58.61 and its 200-day moving average price is $55.69. The company has a market cap of $33.47 billion, a P/E ratio of 12.38 and a beta of 0.62.

Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the 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 net margin of 3.99% and a return on equity of 25.06%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Equities research analysts anticipate that Target Corporation will post $4.51 earnings per share for the current fiscal year.

The company 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 dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is 50.00%.

Several brokerages have recently issued reports on TGT. BidaskClub upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price on shares of Target Corporation in a research note on Friday, July 14th. Vetr downgraded shares of Target Corporation from a “buy” rating to a “hold” rating and set a $57.89 target price on the stock. in a research note on Thursday, August 17th. MKM Partners upped their target price on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $64.00 target price on shares of Target Corporation in a research note on Friday, July 14th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.75.

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.

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

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