Target Corporation (TGT) Shares Sold by Archford Capital Strategies LLC
Archford Capital Strategies LLC cut its stake in Target Corporation (NYSE:TGT) by 81.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,008 shares of the retailer’s stock after selling 22,087 shares during the period. Archford Capital Strategies LLC’s holdings in Target Corporation were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiera Capital Corp raised its stake in shares of Target Corporation by 0.4% in the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after acquiring an additional 19 shares during the last quarter. Compton Capital Management Inc. RI raised its stake in shares of Target Corporation by 0.4% in the first quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after acquiring an additional 32 shares during the last quarter. Gamble Jones Investment Counsel raised its stake in shares of Target Corporation by 0.4% in the second quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after acquiring an additional 44 shares during the last quarter. Carlson Capital Management raised its stake in shares of Target Corporation by 0.9% in the second quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after acquiring an additional 69 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Target Corporation by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after acquiring an additional 74 shares during the last quarter. 83.23% of the stock is owned by institutional investors.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.25% of the company’s stock.
Shares of Target Corporation (TGT) traded down 0.28% during mid-day trading on Thursday, hitting $59.86. 452,281 shares of the stock were exchanged. The stock has a market capitalization of $32.70 billion, a P/E ratio of 12.10 and a beta of 0.62. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The stock’s 50 day moving average price is $58.43 and its 200-day moving average price is $55.66.
Target Corporation (NYSE:TGT) last posted its quarterly 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. 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 during the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter last year, the firm posted $1.23 EPS. Target Corporation’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Target Corporation will post $4.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.13%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s payout ratio is currently 50.00%.
A number of brokerages have weighed in on TGT. MKM Partners began coverage on shares of Target Corporation in a research note on Wednesday. They issued a “buy” rating and a $85.00 target price for the company. Zacks Investment Research upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, October 10th. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a research report on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Target Corporation in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company’s stock. Target Corporation has an average rating of “Hold” and a consensus target price of $63.75.
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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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