Altavista Wealth Management Inc. Has $2.65 Million Stake in Target Corporation (NYSE:TGT)
Altavista Wealth Management Inc. increased its stake in Target Corporation (NYSE:TGT) by 0.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 47,996 shares of the retailer’s stock after buying an additional 71 shares during the period. Target Corporation comprises about 1.3% of Altavista Wealth Management Inc.’s portfolio, making the stock its 29th largest position. Altavista Wealth Management Inc.’s holdings in Target Corporation were worth $2,649,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Tompkins Financial Corp boosted its stake in shares of Target Corporation by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock valued at $141,000 after buying an additional 781 shares during the last quarter. Cribstone Capital Management LLC boosted its stake in shares of Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the last quarter. Reilly Financial Advisors LLC boosted its stake in shares of Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the last quarter. Pinnacle Bank bought a new stake in shares of Target Corporation during the first quarter valued at $123,000. Finally, Peoples Financial Services CORP. boosted its stake in shares of Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the last quarter. 82.63% of the stock is currently owned by institutional investors.
Target Corporation (NYSE:TGT) traded up 0.09% during mid-day trading on Friday, reaching $55.69. The company’s stock had a trading volume of 2,452,639 shares. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The company’s 50-day moving average price is $53.97 and its 200 day moving average price is $56.53. The firm has a market capitalization of $30.72 billion, a price-to-earnings ratio of 11.41 and a beta of 0.61. Target Corporation also saw some unusual options trading activity on Tuesday. Traders bought 43,644 call options on the company. This represents an increase of 350% compared to the average volume of 9,688 call options.
Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.30. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The company had revenue of $16.02 billion for the quarter, compared to analyst estimates of $15.63 billion. During the same period in the previous year, the business posted $1.29 earnings per share. Target Corporation’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Target Corporation will post $4.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.46%. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation’s payout ratio is 48.98%.
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Several equities research analysts have weighed in on the company. UBS AG reissued a “neutral” rating and set a $56.00 price objective (down from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. Vetr cut Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective on the stock. in a research note on Monday. BidaskClub raised Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Jefferies Group LLC restated a “hold” rating and set a $59.00 target price on shares of Target Corporation in a research report on Tuesday, June 20th. Finally, Robert W. Baird restated a “neutral” rating and set a $55.00 target price on shares of Target Corporation in a research report on Friday, July 14th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the stock. Target Corporation presently has a consensus rating of “Hold” and an average price target of $61.99.
In other news, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.
Target Corporation Company 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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