Huntington National Bank Buys 44,895 Shares of Target Corp. (TGT)
Huntington National Bank increased its stake in shares of Target Corp. (NYSE:TGT) by 30.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 192,968 shares of the retailer’s stock after buying an additional 44,895 shares during the period. Huntington National Bank’s holdings in Target Corp. were worth $13,472,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI boosted its position in Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Target Corp. during the first quarter valued at about $165,000. Loomis Sayles & Co. L P boosted its position in Target Corp. by 58.5% in the first quarter. Loomis Sayles & Co. L P now owns 2,159 shares of the retailer’s stock valued at $178,000 after buying an additional 797 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the last quarter. Finally, Joel Isaacson & Co. LLC boosted its position in Target Corp. by 25.5% in the second quarter. Joel Isaacson & Co. LLC now owns 2,401 shares of the retailer’s stock valued at $168,000 after buying an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.
Target Corp. (NYSE:TGT) traded down 0.724% during trading on Wednesday, reaching $67.895. 3,365,374 shares of the company’s stock were exchanged. The company’s 50-day moving average is $69.27 and its 200-day moving average is $73.19. The company has a market capitalization of $39.03 billion, a PE ratio of 12.564 and a beta of 0.68. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14.
Target Corp. (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The firm earned $16.20 billion during the quarter. During the same period in the prior year, the business posted $1.22 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts expect that Target Corp. will post $4.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s dividend payout ratio (DPR) is currently 44.44%.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Target Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Deutsche Bank AG boosted their target price on Target Corp. from $78.00 to $79.00 and gave the stock a “hold” rating in a research report on Monday, August 15th. MKM Partners reiterated a “neutral” rating and set a $78.00 target price (up previously from $73.00) on shares of Target Corp. in a research report on Tuesday, August 16th. Edward Jones cut Target Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Cowen and Company reiterated an “outperform” rating and set a $75.00 target price (down previously from $81.00) on shares of Target Corp. in a research report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.49.
Target Corp. Company Profile
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
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