Target Corporation (TGT) Holdings Cut by HL Financial Services LLC
HL Financial Services LLC decreased its position in Target Corporation (NYSE:TGT) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,358 shares of the retailer’s stock after selling 1,891 shares during the quarter. HL Financial Services LLC’s holdings in Target Corporation were worth $434,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in TGT. Fiera Capital Corp raised its stake in shares of Target Corporation by 0.4% in the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock valued at $256,000 after purchasing an additional 19 shares in the last quarter. Gamble Jones Investment Counsel raised its stake in shares of Target Corporation by 0.4% in the second quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock valued at $553,000 after purchasing an additional 44 shares in the last quarter. Carlson Capital Management raised its stake in shares of 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 purchasing an additional 69 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Target Corporation by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock valued at $515,000 after purchasing an additional 74 shares in the last quarter. Finally, Jolley Asset Management LLC raised its stake in shares of Target Corporation by 2.2% in the second quarter. Jolley Asset Management LLC now owns 3,455 shares of the retailer’s stock valued at $181,000 after purchasing an additional 75 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Target Corporation (TGT) opened at $60.40 on Tuesday. The stock has a market capitalization of $33,538.63, a price-to-earnings ratio of 12.45, a P/E/G ratio of 2.90 and a beta of 0.63. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98.
Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. equities analysts predict that Target Corporation will post 4.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.11%. Target Corporation’s dividend payout ratio (DPR) is currently 50.00%.
Several analysts have recently commented on the company. Vetr upgraded Target Corporation from a “buy” rating to a “strong-buy” rating and set a $60.06 target price on the stock in a report on Monday, July 17th. BidaskClub upgraded Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. MKM Partners restated a “neutral” rating on shares of Target Corporation in a report on Tuesday, August 15th. Gordon Haskett upgraded Target Corporation from a “sell” rating to a “hold” rating and raised their target price for the stock from $47.00 to $58.00 in a report on Wednesday, August 16th. Finally, BMO Capital Markets restated a “market perform” rating and set a $67.00 target price (up previously from $62.00) on shares of Target Corporation in a report on Friday, August 18th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.06.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.
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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