Dumont & Blake Investment Advisors LLC Has $663,000 Position in Target Corporation (TGT)
Dumont & Blake Investment Advisors LLC cut its stake in shares of Target Corporation (NYSE:TGT) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,672 shares of the retailer’s stock after selling 131 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Target Corporation were worth $663,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Target Corporation by 2,069.0% in the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock valued at $2,596,495,000 after buying an additional 44,877,391 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Target Corporation by 14.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock valued at $568,896,000 after buying an additional 1,279,077 shares during the period. Bank of New York Mellon Corp boosted its position in Target Corporation by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 9,555,703 shares of the retailer’s stock valued at $527,380,000 after buying an additional 996,689 shares during the period. Morgan Stanley boosted its position in Target Corporation by 1.6% in the first quarter. Morgan Stanley now owns 6,716,718 shares of the retailer’s stock valued at $370,696,000 after buying an additional 107,163 shares during the period. Finally, Geode Capital Management LLC boosted its position in Target Corporation by 8.9% in the first quarter. Geode Capital Management LLC now owns 6,035,990 shares of the retailer’s stock valued at $332,703,000 after buying an additional 494,836 shares during the period. Institutional investors own 83.30% of the company’s stock.
Shares of Target Corporation (TGT) opened at 54.32 on Thursday. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The firm has a 50-day moving average of $55.11 and a 200-day moving average of $55.88. The stock has a market cap of $29.67 billion, a P/E ratio of 10.98 and a beta of 0.61.
Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter last year, the firm posted $1.23 EPS. Target Corporation’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Target Corporation will post $4.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be given a $0.62 dividend. The ex-dividend date is Monday, August 14th. This represents a $2.48 annualized dividend and a yield of 4.57%. This is an increase from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio (DPR) is presently 50.00%.
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Several research analysts have recently issued reports on TGT shares. BidaskClub upgraded shares of Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating on shares of Target Corporation in a report on Friday, August 25th. Finally, Gordon Haskett started coverage on shares of Target Corporation in a report on Tuesday, May 9th. They issued a “sell” rating and a $47.00 price objective for the company. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $61.64.
In related news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% 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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