D.A. Davidson & CO. Has $5.36 Million Stake in Target Corporation (TGT)
D.A. Davidson & CO. increased its position in Target Corporation (NYSE:TGT) by 62.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,794 shares of the retailer’s stock after purchasing an additional 34,892 shares during the quarter. D.A. Davidson & CO.’s holdings in Target Corporation were worth $5,357,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of Target Corporation by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares during the period. Davidson Investment Advisors raised its holdings in shares of Target Corporation by 18.5% during the first quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after purchasing an additional 400 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Target Corporation by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the period. Kistler Tiffany Companies LLC raised its holdings in shares of Target Corporation by 19.1% during the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares during the period. Finally, Sandy Spring Bank raised its holdings in shares of Target Corporation by 6.7% during the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 83.60% of the company’s stock.
Target Corporation (TGT) traded up $0.24 during midday trading on Thursday, hitting $57.49. 2,867,600 shares of the stock were exchanged, compared to its average volume of 7,340,382. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $31,119.54, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 7.08 and a beta of 0.63. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33.
Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. Target Corporation had a net margin of 3.80% and a return on equity of 24.09%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. equities research analysts predict that Target Corporation will post 4.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is 51.88%.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were 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 the SEC website. 0.25% of the stock is owned by corporate insiders.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC set a $45.00 target price on shares of Target Corporation and gave the stock a “sell” rating in a report on Wednesday, November 15th. Stifel Nicolaus dropped their price objective on shares of Target Corporation from $65.00 to $62.00 and set a “hold” rating on the stock in a report on Thursday, November 16th. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $57.89 price objective on the stock. in a report on Thursday, August 17th. Finally, MKM Partners increased their price objective on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company. Target Corporation currently has an average rating of “Hold” and a consensus target price of $63.17.
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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