Global X MANAGEMENT CO LLC grew its holdings in Target Corporation (NYSE:TGT) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,034 shares of the retailer’s stock after purchasing an additional 4,903 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Target Corporation were worth $8,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TGT. Parallel Advisors LLC raised 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 purchasing an additional 399 shares during the last quarter. Davidson Investment Advisors raised 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 purchasing an additional 400 shares during the last quarter. Jacobi Capital Management LLC raised 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 purchasing an additional 1,310 shares during the last quarter. Kistler Tiffany Companies LLC raised 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 purchasing an additional 445 shares during the last quarter. Finally, Sandy Spring Bank raised 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 purchasing an additional 185 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Target Corporation (TGT) Shares Bought by Global X MANAGEMENT CO LLC” was first published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.watchlistnews.com/target-corporation-tgt-shares-bought-by-global-x-management-co-llc/1700081.html.

Target Corporation (NYSE TGT) traded up $1.50 during trading on Monday, hitting $61.40. The company’s stock had a trading volume of 6,854,500 shares, compared to its average volume of 7,169,104. The company has a market cap of $33,540.00, a PE ratio of 12.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.26.

Target Corporation (NYSE:TGT) last issued its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company had revenue of $16.43 billion for the quarter, compared to analysts’ expectations of $16.30 billion. During the same period last year, the business earned $1.23 EPS. Target Corporation’s quarterly revenue was up 1.6% compared to the same quarter last year. sell-side analysts expect that Target Corporation will post 4.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio is currently 50.10%.

A number of analysts have recently issued reports on TGT shares. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. MKM Partners boosted their target price on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a report 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 target price on the stock in a report on Tuesday, October 10th. Vetr upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $59.67 target price on the stock in a report on Monday, August 14th. Finally, BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a report on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. Target Corporation has a consensus rating of “Hold” and an average target price of $63.68.

In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction on 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 SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Target Corporation 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.

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT).

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.