Cable Hill Partners LLC increased its stake in Target Corporation (NYSE:TGT) by 848.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,666 shares of the retailer’s stock after purchasing an additional 2,385 shares during the period. Cable Hill Partners LLC’s holdings in Target Corporation were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Target Corporation by 23.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares in the last quarter. Davidson Investment Advisors boosted its stake in Target Corporation by 18.5% in the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in Target Corporation by 19.1% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its stake in Target Corporation by 4.7% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock worth $155,000 after purchasing an additional 132 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in Target Corporation by 6.7% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 83.43% of the company’s stock.
A number of research firms recently commented on TGT. Zacks Investment Research cut shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Stifel Nicolaus set a $60.00 target price on shares of Target Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 18th. MKM Partners began coverage on shares of Target Corporation in a research note on Wednesday, October 18th. They issued a “buy” rating and a $85.00 target price for the company. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $63.75.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.
Shares of Target Corporation (NYSE TGT) traded down 0.69% during midday trading on Tuesday, reaching $59.14. 2,500,158 shares of the company traded hands. The stock’s 50-day moving average is $59.46 and its 200-day moving average is $56.13. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The stock has a market capitalization of $32.30 billion, a P/E ratio of 11.95 and a beta of 0.62.
Target Corporation (NYSE:TGT) last released its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter last year, the company earned $1.23 earnings per share. Target Corporation’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that Target Corporation will post $4.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders 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 yield of 4.16%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is currently 50.00%.
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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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