Foundry Partners LLC reduced its position in shares of Target Corporation (NYSE:TGT) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,905 shares of the retailer’s stock after selling 18,800 shares during the period. Foundry Partners LLC’s holdings in Target Corporation were worth $11,560,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Fiera Capital Corp boosted its position in shares of Target Corporation by 0.4% during the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after buying an additional 19 shares during the period. Gamble Jones Investment Counsel boosted its position in shares of Target Corporation by 0.4% during the second quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after buying an additional 44 shares during the period. Carlson Capital Management boosted its position in shares of Target Corporation by 0.9% during the second quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after buying an additional 69 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Target Corporation by 0.8% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after buying an additional 74 shares during the period. Finally, Jolley Asset Management LLC boosted its position in shares of Target Corporation by 2.2% during the second quarter. Jolley Asset Management LLC now owns 3,455 shares of the retailer’s stock worth $181,000 after buying an additional 75 shares during the period. 83.43% of the stock is owned by institutional investors.
Target Corporation (TGT) traded down $0.43 during trading on Friday, reaching $59.36. The company’s stock had a trading volume of 3,990,000 shares, compared to its average volume of 5,610,000. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.91. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a market cap of $32.42 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 2.84 and a beta of 0.63.
Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same quarter last year, the company earned $1.23 EPS. The company’s revenue was up 1.6% on a year-over-year basis. equities analysts expect that Target Corporation will post 4.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.18%. Target Corporation’s dividend payout ratio (DPR) is presently 50.10%.
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Several research analysts recently commented on TGT shares. TheStreet raised Target Corporation from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr cut Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price target for the company. in a research report on Thursday, July 20th. BidaskClub raised Target Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. MKM Partners increased their price target on Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research raised Target Corporation from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $63.68.
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 transaction of $277,792.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by company 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.
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