High Point Bank & Trust Co. maintained its stake in shares of Target Corp. (NYSE:TGT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,973 shares of the retailer’s stock at the end of the second quarter. High Point Bank & Trust Co.’s holdings in Target Corp. were worth $418,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Arcadia Investment Management Corp MI boosted its stake in shares of Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of Target Corp. during the first quarter valued at approximately $165,000. Duncker Streett & Co. Inc. boosted its stake in shares of Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the period. Joel Isaacson & Co. LLC boosted its stake in shares of Target Corp. by 25.5% in the second quarter. Joel Isaacson & Co. LLC now owns 2,401 shares of the retailer’s stock valued at $168,000 after buying an additional 488 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Target Corp. by 58.5% in the first quarter. Loomis Sayles & Co. L P now owns 2,159 shares of the retailer’s stock valued at $178,000 after buying an additional 797 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Target Corp. (NYSE:TGT) traded up 0.03% during trading on Friday, hitting $69.23. 7,138,033 shares of the stock traded hands. The company has a 50-day moving average price of $72.32 and a 200-day moving average price of $74.99. The stock has a market cap of $39.79 billion, a PE ratio of 12.81 and a beta of 0.68. Target Corp. has a 12 month low of $65.50 and a 12 month high of $84.14.

Target Corp. (NYSE:TGT) last posted its earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. The firm earned $16.20 billion during the quarter. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. Target Corp.’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. Equities research analysts expect that Target Corp. will post $4.96 EPS for the current year.

Several research firms have recently weighed in on TGT. Cowen and Company restated an “outperform” rating and set a $75.00 price objective (down from $81.00) on shares of Target Corp. in a research note on Wednesday, August 17th. Credit Suisse Group AG restated a “hold” rating and set a $72.00 price objective on shares of Target Corp. in a research note on Sunday, August 21st. Zacks Investment Research upgraded shares of Target Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. BMO Capital Markets restated a “market perform” rating and set a $76.00 price objective on shares of Target Corp. in a research note on Wednesday, July 6th. Finally, Vetr upgraded shares of Target Corp. from a “hold” rating to a “buy” rating and set a $75.70 price objective on the stock in a research note on Monday, July 4th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.28.

Target Corp. Company Profile

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

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