3,673 Shares in Target Corporation (TGT) Purchased by Ifrah Financial Services Inc.
Ifrah Financial Services Inc. acquired a new stake in shares of Target Corporation (NYSE:TGT) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 3,673 shares of the retailer’s stock, valued at approximately $217,000.
Other hedge funds also recently bought and sold shares of the company. Carnick & Kubik Group LLC purchased a new position in shares of Target Corporation during the 3rd quarter valued at about $554,000. CAPROCK Group Inc. bought a new stake in Target Corporation during the 3rd quarter valued at approximately $832,000. Boston Private Wealth LLC raised its stake in Target Corporation by 4.5% during the 2nd quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer’s stock valued at $2,795,000 after purchasing an additional 2,285 shares during the period. Conning Inc. raised its stake in Target Corporation by 2.1% during the 2nd quarter. Conning Inc. now owns 522,523 shares of the retailer’s stock valued at $27,323,000 after purchasing an additional 10,966 shares during the period. Finally, Patten & Patten Inc. TN bought a new stake in Target Corporation during the 2nd quarter valued at approximately $234,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on TGT shares. Vetr downgraded Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 target price on the stock. in a research note on Thursday, July 20th. Zacks Investment Research downgraded Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. BMO Capital Markets reaffirmed a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. MKM Partners assumed coverage on Target Corporation in a research note on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company. Target Corporation currently has an average rating of “Hold” and a consensus target price of $64.06.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
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Shares of Target Corporation (NYSE TGT) traded down $1.00 on Tuesday, hitting $60.40. The stock had a trading volume of 6,608,700 shares, compared to its average volume of 7,166,543. Target Corporation has a 1 year low of $48.56 and a 1 year high of $79.33. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $33,538.63, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63.
Target Corporation (NYSE:TGT) last issued its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The firm had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 earnings per share. 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. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.11%. Target Corporation’s dividend payout ratio is currently 50.00%.
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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