Cambridge Investment Research Advisors Inc. decreased its position in Target Corporation (NYSE:TGT) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,173 shares of the retailer’s stock after selling 2,069 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Target Corporation were worth $4,672,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TGT. Parallel Advisors LLC grew its stake in shares of Target Corporation by 23.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after buying an additional 399 shares in the last quarter. Davidson Investment Advisors boosted its position in Target Corporation by 18.5% during the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares during the period. Jacobi Capital Management LLC boosted its position in Target Corporation by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the period. Kistler Tiffany Companies LLC boosted its position in Target Corporation by 19.1% during the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares during the period. Finally, Sandy Spring Bank boosted its position in Target Corporation by 6.7% during the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is owned by company insiders.
TGT has been the subject of a number of recent analyst reports. Vetr cut Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 target price for the company. in a research report on Thursday, July 20th. BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. MKM Partners reaffirmed a “neutral” rating on shares of Target Corporation in a research report on Tuesday, August 15th. Gordon Haskett raised Target Corporation from a “sell” rating to a “hold” rating and upped their target price for the stock from $47.00 to $58.00 in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $67.00 target price (up previously from $62.00) on shares of Target Corporation in a research report on Friday, August 18th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Target Corporation presently has a consensus rating of “Hold” and a consensus price target of $63.40.
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Target Corporation (NYSE TGT) traded up $1.98 during trading on Friday, reaching $57.08. The company had a trading volume of 4,580,682 shares, compared to its average volume of 7,320,033. The company has a market capitalization of $30,710.00, a PE ratio of 11.28, a price-to-earnings-growth ratio of 4.91 and a beta of 0.63. Target Corporation has a fifty-two week low of $48.56 and a fifty-two week high of $79.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.26 and a current ratio of 0.96.
Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. Target Corporation had a return on equity of 24.09% and a net margin of 3.80%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. research analysts predict that Target Corporation will post 4.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.35%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio is 52.10%.
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.
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