Breton Hill Capital Ltd. Has $1.60 Million Stake in Target Corporation (NYSE:TGT)

Breton Hill Capital Ltd. increased its stake in Target Corporation (NYSE:TGT) by 351.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,569 shares of the retailer’s stock after buying an additional 23,796 shares during the period. Breton Hill Capital Ltd.’s holdings in Target Corporation were worth $1,598,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC raised its stake in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares in the last quarter. Pinnacle Bank bought a new stake in Target Corporation during the first quarter valued at $123,000. Peoples Financial Services CORP. raised its stake in Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Target Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after buying an additional 204 shares in the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

Shares of Target Corporation (NYSE:TGT) traded down 0.84% during midday trading on Friday, hitting $55.65. The stock had a trading volume of 4,738,485 shares. The company’s 50 day moving average price is $54.68 and its 200-day moving average price is $56.16. The firm has a market capitalization of $30.40 billion, a PE ratio of 11.24 and a beta of 0.61. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33.

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, beating the Zacks’ consensus estimate of $1.20 by $0.03. The company had revenue of $16.43 billion for the quarter, compared to analysts’ expectations of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Target Corporation’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. Equities analysts predict that Target Corporation will post $4.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.46%. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 14th. Target Corporation’s dividend payout ratio is presently 50.00%.

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TGT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Tuesday, June 6th. Vetr upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 target price for the company in a report on Wednesday, May 10th. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, MKM Partners increased their target price on Target Corporation to $69.00 and gave the company a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.56.

In other news, insider Robert M. Harrison sold 2,639 shares of the company’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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently 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.

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

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