Target Corporation (TGT) Shares Bought by Carroll Financial Associates Inc.
Carroll Financial Associates Inc. boosted its position in Target Corporation (NYSE:TGT) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,665 shares of the retailer’s stock after buying an additional 1 shares during the period. Carroll Financial Associates Inc.’s holdings in Target Corporation were worth $139,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Target Corporation by 2,069.0% in the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock worth $2,596,495,000 after buying an additional 44,877,391 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake 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 worth $568,896,000 after buying an additional 1,279,077 shares during the period. Bank of New York Mellon Corp increased its stake 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 worth $527,380,000 after buying an additional 996,689 shares during the period. Morgan Stanley increased its stake in Target Corporation by 1.6% in the first quarter. Morgan Stanley now owns 6,716,718 shares of the retailer’s stock worth $370,696,000 after buying an additional 107,163 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 worth $332,703,000 after buying an additional 494,836 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Shares of Target Corporation (NYSE:TGT) traded down 4.04% during midday trading on Thursday, reaching $55.53. 6,374,532 shares of the company were exchanged. The company has a market capitalization of $30.64 billion, a P/E ratio of 11.38 and a beta of 0.61. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The stock has a 50-day moving average price of $53.83 and a 200 day moving average price of $56.54. Target Corporation also was the target of unusually large options trading activity on Tuesday. Investors bought 43,644 call options on the stock. This is an increase of approximately 350% compared to the average daily volume of 9,688 call options.
Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping the consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion during 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%. Target Corporation’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. Equities research analysts expect that Target Corporation will post $4.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.62 per share. This is an increase from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.29%. Target Corporation’s payout ratio is presently 48.98%.
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TGT has been the subject of a number of research analyst reports. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a research report on Sunday. Buckingham Research reiterated a “buy” rating and set a $71.00 price objective on shares of Target Corporation in a research report on Wednesday, April 19th. Vetr downgraded Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a research report on Monday. Zacks Investment Research upgraded Target Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Finally, Gordon Haskett initiated coverage on Target Corporation in a research report on Tuesday, May 9th. They set a “sell” rating and a $47.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. Target Corporation has an average rating of “Hold” and a consensus price target of $61.99.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction dated 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 available at this link. Insiders own 0.25% 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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