Reilly Financial Advisors LLC Sells 50 Shares of Target Corporation (NYSE:TGT)
Reilly Financial Advisors LLC cut its position in shares of Target Corporation (NYSE:TGT) by 2.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,950 shares of the retailer’s stock after selling 50 shares during the period. Reilly Financial Advisors LLC’s holdings in Target Corporation were worth $102,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Wealthfront Inc. acquired a new position in shares of Target Corporation during the fourth quarter worth approximately $803,000. UBS Asset Management Americas Inc. raised its position in shares of Target Corporation by 1.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,347,272 shares of the retailer’s stock worth $169,544,000 after buying an additional 32,369 shares during the period. Perigon Wealth Management LLC raised its position in shares of Target Corporation by 20.0% in the fourth quarter. Perigon Wealth Management LLC now owns 19,036 shares of the retailer’s stock worth $1,103,000 after buying an additional 3,171 shares during the period. M Holdings Securities Inc. raised its position in shares of Target Corporation by 1.7% in the fourth quarter. M Holdings Securities Inc. now owns 5,804 shares of the retailer’s stock worth $419,000 after buying an additional 98 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Target Corporation by 15.1% in the fourth quarter. Teachers Advisors LLC now owns 860,610 shares of the retailer’s stock worth $62,162,000 after buying an additional 113,185 shares during the period. Institutional investors own 82.63% of the company’s stock.
Shares of Target Corporation (NYSE TGT) traded up 0.52% on Monday, hitting $57.88. The company had a trading volume of 3,904,087 shares. The firm has a market capitalization of $31.93 billion, a P/E ratio of 11.86 and a beta of 0.61. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The firm has a 50 day moving average of $53.26 and a 200-day moving average of $56.79.
Target Corporation (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating the consensus estimate of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The firm had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that Target Corporation will post $4.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be given a dividend of $0.62 per share. The ex-dividend date is Monday, August 14th. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 4.28%. Target Corporation’s dividend payout ratio is 48.98%.
A number of research analysts have recently commented on TGT shares. BidaskClub raised Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday. Buckingham Research reaffirmed a “buy” rating and set a $71.00 target price on shares of Target Corporation in a report on Wednesday, April 19th. Zacks Investment Research raised Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Gordon Haskett initiated coverage on Target Corporation in a report on Tuesday, May 9th. They set a “sell” rating and a $47.00 target price on the stock. Finally, Vetr lowered Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 target price on the stock. in a report on Thursday, July 20th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. Target Corporation presently has a consensus rating of “Hold” and an average target price of $62.01.
In related news, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.
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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