Private Advisory Group LLC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 49.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,848 shares of the retailer’s stock after purchasing an additional 7,863 shares during the period. Private Advisory Group LLC’s holdings in Target Corporation were worth $1,407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TGT. Parallel Advisors LLC boosted its holdings in shares of Target Corporation by 23.8% in the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after acquiring an additional 399 shares in the last quarter. Davidson Investment Advisors boosted its holdings in shares of Target Corporation by 18.5% in the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after acquiring an additional 400 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Target Corporation by 109.8% in the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after acquiring an additional 1,310 shares in the last quarter. Kistler Tiffany Companies LLC boosted its holdings in shares of Target Corporation by 19.1% in the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after acquiring an additional 445 shares in the last quarter. Finally, Sandy Spring Bank boosted its holdings in shares of Target Corporation by 6.7% in the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after acquiring an additional 185 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors.

Target Corporation (NYSE:TGT) traded down $0.63 on Wednesday, reaching $57.25. 6,317,600 shares of the company’s stock traded hands, compared to its average volume of 7,360,257. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The stock has a market capitalization of $31,461.99, a P/E ratio of 12.06, a P/E/G ratio of 7.16 and a beta of 0.63.

Target Corporation (NYSE:TGT) last released its quarterly earnings data 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 company had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. Target Corporation’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts anticipate that Target Corporation will post 4.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 annualized dividend and a yield of 4.33%. Target Corporation’s dividend payout ratio is currently 51.88%.

Several analysts have recently weighed in on TGT shares. TheStreet raised shares of Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. MKM Partners raised their price objective on shares of Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, October 10th. Vetr upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $59.67 price objective for the company in a research note on Monday, August 14th. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company’s stock. Target Corporation currently has an average rating of “Hold” and an average price target of $63.17.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

WARNING: “Private Advisory Group LLC Raises Holdings in Target Corporation (TGT)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/private-advisory-group-llc-raises-holdings-in-target-corporation-tgt/1720139.html.

About Target Corporation

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.

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

Receive News & Ratings for Target Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.