Oregon Public Employees Retirement Fund Has $13,970,000 Stake in Target Corp. (TGT)
Oregon Public Employees Retirement Fund increased its position in Target Corp. (NYSE:TGT) by 26.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,406 shares of the retailer’s stock after buying an additional 42,303 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Target Corp. were worth $13,970,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Target Corp. during the second quarter worth $133,059,000. Massachusetts Financial Services Co. MA increased its position in shares of Target Corp. by 13.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,035,746 shares of the retailer’s stock worth $910,156,000 after buying an additional 1,545,167 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Target Corp. during the second quarter worth about $95,095,000. Dodge & Cox increased its position in shares of Target Corp. by 12.9% in the second quarter. Dodge & Cox now owns 11,757,005 shares of the retailer’s stock worth $820,874,000 after buying an additional 1,341,678 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new position in shares of Target Corp. during the second quarter worth about $89,152,000. Institutional investors own 84.37% of the company’s stock.
Shares of Target Corp. (NYSE:TGT) traded up 0.17% during mid-day trading on Friday, hitting $78.61. 2,543,818 shares of the stock were exchanged. The stock has a market cap of $44.31 billion, a PE ratio of 13.99 and a beta of 0.59. Target Corp. has a one year low of $65.50 and a one year high of $84.14. The company has a 50-day moving average of $70.18 and a 200 day moving average of $70.66.
Target Corp. (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Target Corp. had a net margin of 4.75% and a return on equity of 25.18%. The business had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. On average, equities analysts predict that Target Corp. will post $5.20 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.05%. Target Corp.’s dividend payout ratio (DPR) is 42.93%.
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A number of equities analysts have recently issued reports on TGT shares. Miller Tabak started coverage on Target Corp. in a research report on Friday, July 29th. They set a “buy” rating and a $87.00 price target on the stock. Vetr raised Target Corp. from a “hold” rating to a “buy” rating and set a $79.09 price target on the stock in a research report on Monday, August 1st. Nomura set a $75.00 price target on Target Corp. and gave the stock a “hold” rating in a research report on Thursday, August 11th. Jefferies Group reaffirmed an “in-line” rating and set a $72.00 price target on shares of Target Corp. in a research report on Friday, August 12th. Finally, Deutsche Bank AG upped their price target on Target Corp. from $78.00 to $79.00 and gave the stock a “hold” rating in a research report on Monday, August 15th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $74.62.
In other news, Director Anne M. Mulcahy sold 3,957 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.
About Target Corp.
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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