Peoples Financial Services CORP. Has $192,000 Stake in Target Corporation (TGT)
Peoples Financial Services CORP. increased its position in shares of Target Corporation (NYSE:TGT) by 61.5% during the second quarter, Holdings Channel reports. The firm owned 3,675 shares of the retailer’s stock after buying an additional 1,400 shares during the period. Peoples Financial Services CORP.’s holdings in Target Corporation were worth $192,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Welch & Forbes LLC raised its stake in shares of Target Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 8,150 shares of the retailer’s stock worth $450,000 after buying an additional 24 shares during the period. Compton Capital Management Inc. RI raised its stake in Target Corporation by 0.4% in the first quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock valued at $487,000 after buying an additional 32 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in Target Corporation by 0.9% in the first quarter. TRUE Private Wealth Advisors now owns 4,488 shares of the retailer’s stock valued at $238,000 after buying an additional 38 shares during the last quarter. WealthTrust Fairport LLC raised its stake in Target Corporation by 0.9% in the first quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer’s stock valued at $329,000 after buying an additional 55 shares during the last quarter. Finally, Carlson Capital Management raised its stake in Target Corporation by 0.9% in the second quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock valued at $421,000 after buying an additional 69 shares during the last quarter. 83.21% of the stock is owned by institutional investors.
Shares of Target Corporation (NYSE TGT) opened at 53.73 on Wednesday. The company has a market cap of $29.64 billion, a P/E ratio of 11.01 and a beta of 0.60. 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 $53.31 and a 200 day moving average of $57.89.
Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.30. The firm had revenue of $16.02 billion for the quarter, compared to the consensus estimate of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.29 EPS. Equities analysts anticipate that Target Corporation will post $4.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.62%. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s payout ratio is currently 48.98%.
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Several research firms recently issued reports on TGT. Vetr lowered shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 price objective for the company. in a research note on Monday, June 12th. TheStreet lowered shares of Target Corporation from a “b-” rating to a “c+” rating in a research note on Monday, March 27th. UBS AG reaffirmed a “neutral” rating and issued a $56.00 price objective (down previously from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 price objective (up previously from $56.00) on shares of Target Corporation in a research note on Friday, May 19th. Finally, Citigroup Inc. lowered shares of Target Corporation from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $51.00 to $56.00 in a research note on Wednesday, June 21st. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Target Corporation presently has an average rating of “Hold” and an average target price of $62.93.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which is accessible through the SEC website. 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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