Barings LLC maintained its stake in Target Corporation (NYSE:TGT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,953 shares of the retailer’s stock at the end of the second quarter. Barings LLC’s holdings in Target Corporation were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Target Corporation by 23.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares in the last quarter. Penserra Capital Management LLC increased its holdings in shares of Target Corporation by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after purchasing an additional 204 shares in the last quarter. Davidson Investment Advisors increased its holdings in shares of Target Corporation by 18.5% in the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock valued at $141,000 after purchasing an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC increased its holdings in shares of Target Corporation by 19.1% in the 2nd 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 in the last quarter. Finally, Sandy Spring Bank increased its holdings in shares of Target Corporation by 6.7% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock valued at $155,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 83.23% of the company’s stock.
Target Corporation (TGT) opened at 59.15 on Thursday. The stock has a market cap of $32.31 billion, a price-to-earnings ratio of 11.95 and a beta of 0.62. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a 50-day moving average of $57.67 and a 200 day moving average of $55.45.
Target Corporation (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Target Corporation will post $4.51 earnings per share for the current year.
The business 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. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 annualized dividend and a yield of 4.19%. Target Corporation’s dividend payout ratio (DPR) is currently 50.00%.
A number of equities analysts have recently issued reports on the stock. BMO Capital Markets reissued a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. TheStreet raised shares of Target Corporation from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective on the stock. in a research note on Monday, August 7th. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Finally, MKM Partners increased 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. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the stock. Target Corporation has a consensus rating of “Hold” and an average target price of $63.08.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.
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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.
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