76,699 Shares in Target Corporation (TGT) Acquired by Delta Lloyd Asset Management N.V.
Delta Lloyd Asset Management N.V. purchased a new position in shares of Target Corporation (NYSE:TGT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 76,699 shares of the retailer’s stock, valued at approximately $4,011,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. BlackRock Inc. boosted its stake in shares of Target Corporation by 2,069.0% during the 1st quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock worth $2,596,495,000 after acquiring an additional 44,877,391 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Target Corporation by 14.2% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock worth $568,896,000 after acquiring an additional 1,279,077 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Target Corporation by 43.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,778,242 shares of the retailer’s stock worth $197,565,000 after acquiring an additional 1,143,598 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Target Corporation by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 9,555,703 shares of the retailer’s stock worth $527,380,000 after acquiring an additional 996,689 shares in the last quarter. Finally, Smead Capital Management Inc. bought a new stake in shares of Target Corporation during the 2nd quarter worth about $41,667,000. Institutional investors own 83.22% of the company’s stock.
TGT has been the subject of several recent analyst reports. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Vetr cut Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a research report on Monday, August 7th. Zacks Investment Research cut Target Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Jefferies Group LLC reissued a “hold” rating on shares of Target Corporation in a research report on Friday, August 25th. Finally, BMO Capital Markets reissued a “market weight” rating on shares of Target Corporation in a research report on Thursday, September 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $61.64.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Harrison sold 2,639 shares of the business’s 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Target Corporation (NYSE:TGT) opened at 59.26 on Thursday. 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 $32.37 billion, a PE ratio of 11.97 and a beta of 0.60. The stock has a 50 day moving average price of $56.82 and a 200-day moving average price of $55.00. Target Corporation also saw some unusual options trading activity on Monday. Stock traders acquired 11,895 put options on the company. This represents an increase of 113% compared to the typical volume of 5,575 put options.
Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The company had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. During the same period in the previous year, the business earned $1.23 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Target Corporation will post $4.51 earnings per share for the current year.
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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