Target Corporation (TGT) Holdings Trimmed by CORDA Investment Management LLC.
CORDA Investment Management LLC. reduced its stake in shares of Target Corporation (NYSE:TGT) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,089 shares of the retailer’s stock after selling 304 shares during the period. CORDA Investment Management LLC.’s holdings in Target Corporation were worth $4,292,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in Target Corporation by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after acquiring an additional 399 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Target Corporation by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock worth $129,000 after acquiring an additional 204 shares in the last quarter. Davidson Investment Advisors grew its holdings in Target Corporation by 18.5% during the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after acquiring an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC grew its holdings in Target Corporation by 19.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after acquiring an additional 445 shares in the last quarter. Finally, Washington Trust Bank grew its holdings in Target Corporation by 105.6% during the 2nd quarter. Washington Trust Bank now owns 3,067 shares of the retailer’s stock worth $160,000 after acquiring an additional 1,575 shares in the last quarter. 83.22% of the stock is owned by institutional investors.
Several research analysts have weighed in on TGT shares. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Vetr lowered shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective for the company. in a report on Monday, August 7th. Zacks Investment Research lowered shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group LLC reissued a “hold” rating on shares of Target Corporation in a report on Friday, August 25th. Finally, BMO Capital Markets reissued a “market weight” rating on shares of Target Corporation in a report on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $61.64.
Shares of Target Corporation (TGT) opened at 58.87 on Thursday. The company has a market capitalization of $32.16 billion, a P/E ratio of 11.90 and a beta of 0.60. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The firm’s 50 day moving average is $56.82 and its 200-day moving average is $55.00.
Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping 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 firm had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Target Corporation will post $4.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio is currently 50.00%.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
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About Target Corporation
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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