Aviance Capital Partners LLC Sells 5,232 Shares of Target Corporation (TGT)
Aviance Capital Partners LLC decreased its holdings in Target Corporation (NYSE:TGT) by 28.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,285 shares of the retailer’s stock after selling 5,232 shares during the period. Aviance Capital Partners LLC’s holdings in Target Corporation were worth $784,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Parallel Advisors LLC increased its position in shares of Target Corporation by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares in the last quarter. Davidson Investment Advisors increased its position in shares of 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 in the last quarter. Jacobi Capital Management LLC increased its position in shares of 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 in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of 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 in the last quarter. Finally, Sandy Spring Bank increased its position in shares of 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 in the last quarter. 83.60% of the stock is owned by institutional investors.
Target Corporation (NYSE TGT) traded down $1.41 during mid-day trading on Friday, hitting $56.08. 3,321,391 shares of the stock traded hands, compared to its average volume of 7,340,382. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. Target Corporation has a twelve month low of $48.56 and a twelve month high of $79.33. The stock has a market cap of $31,249.99, a price-to-earnings ratio of 11.98, a P/E/G ratio of 7.11 and a beta of 0.63.
Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. Target Corporation had a net margin of 3.80% and a return on equity of 24.09%. The business had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts expect that Target Corporation will post 4.54 EPS for the current 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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is currently 51.88%.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
A number of equities analysts have recently issued reports on TGT shares. BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Vetr downgraded Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price target on the stock. in a research report on Monday, August 7th. 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 price target 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 price target (up from $62.00) on shares of Target Corporation in a research report on Friday, August 18th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $63.17.
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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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