Voya Investment Management LLC Has $28.17 Million Holdings in Target Corporation (TGT)
Voya Investment Management LLC raised its stake in Target Corporation (NYSE:TGT) by 12.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 538,806 shares of the retailer’s stock after buying an additional 58,905 shares during the quarter. Voya Investment Management LLC owned 0.10% of Target Corporation worth $28,174,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Target Corporation by 2,069.0% in the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock valued at $2,596,495,000 after buying an additional 44,877,391 shares during the period. Vanguard Group Inc. lifted its stake in Target Corporation by 0.4% in the second quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock valued at $1,942,803,000 after buying an additional 130,252 shares during the period. Franklin Resources Inc. lifted its stake in Target Corporation by 8.7% in the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock valued at $1,103,994,000 after buying an additional 1,686,774 shares during the period. Dodge & Cox lifted its stake in Target Corporation by 83.3% in the second quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock valued at $1,047,119,000 after buying an additional 9,102,526 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Target Corporation by 14.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock valued at $568,896,000 after buying an additional 1,279,077 shares during the period. 83.23% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.
Target Corporation (NYSE TGT) opened at 57.12 on Monday. The stock’s 50 day moving average price is $57.55 and its 200 day moving average price is $55.34. The company has a market capitalization of $31.20 billion, a P/E ratio of 11.54 and a beta of 0.62. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33.
Target Corporation (NYSE:TGT) last released its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. The company had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. Target Corporation’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. Analysts anticipate that Target Corporation will post $4.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio is presently 50.00%.
Several equities analysts have weighed in on the company. TheStreet raised Target Corporation from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. BMO Capital Markets reissued a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. Jefferies Group LLC reissued a “hold” rating on shares of Target Corporation in a research note on Friday, August 25th. Zacks Investment Research lowered Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $60.00 target price (up previously from $58.00) on shares of Target Corporation in a research note on Friday, August 18th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $63.08.
Target Corporation 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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