Tobam boosted its position in shares of Target Corporation (NYSE:TGT) by 15.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,492 shares of the retailer’s stock after purchasing an additional 5,190 shares during the period. Tobam’s holdings in Target Corporation were worth $2,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Compton Capital Management Inc. RI boosted its stake in shares of Target Corporation by 0.4% during the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock valued at $487,000 after buying an additional 32 shares during the period. Gamble Jones Investment Counsel boosted its stake in shares of Target Corporation by 0.4% during the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock valued at $553,000 after buying an additional 44 shares during the period. WealthTrust Fairport LLC boosted its stake in shares of Target Corporation by 0.9% during the 1st quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer’s stock valued at $329,000 after buying an additional 55 shares during the period. Carlson Capital Management boosted its stake in shares of Target Corporation by 0.9% during the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock valued at $421,000 after buying an additional 69 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Target Corporation by 0.8% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock valued at $515,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 83.22% of the company’s stock.

Target Corporation (TGT) opened at 59.96 on Monday. The company has a 50-day moving average of $56.66 and a 200 day moving average of $55.03. Target Corporation has a one year low of $48.56 and a one year high of $79.33. The firm has a market capitalization of $32.75 billion, a price-to-earnings ratio of 12.12 and a beta of 0.60.

Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. During the same period last year, the company earned $1.23 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Target Corporation will post $4.51 EPS for the current year.

In related news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $137,359.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on TGT shares. ValuEngine lowered shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, June 6th. Vetr lowered shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 target price for the company. in a research note on Monday, June 12th. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, UBS AG reissued a “neutral” rating and set a $56.00 target price (down previously from $60.00) on shares of Target Corporation in a research note on Tuesday, June 20th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five 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 $61.64.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/09/18/target-corporation-tgt-shares-bought-by-tobam.html.

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.

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT).

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

Receive News & Stock Ratings for Target Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corporation and related stocks with our FREE daily email newsletter.