Barrow Hanley Mewhinney & Strauss LLC Has $568.90 Million Stake in Target Corporation (TGT)

Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Target Corporation (NYSE:TGT) by 14.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,307,951 shares of the retailer’s stock after buying an additional 1,279,077 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.87% of Target Corporation worth $568,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Tompkins Financial Corp boosted its position in Target Corporation by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock worth $141,000 after buying an additional 781 shares during the last quarter. Cribstone Capital Management LLC boosted its position in Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock worth $101,000 after buying an additional 1,016 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock worth $110,000 after buying an additional 874 shares during the last quarter. Pinnacle Bank bought a new position in Target Corporation during the first quarter worth $123,000. Finally, Peoples Financial Services CORP. boosted its position in Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock worth $125,000 after buying an additional 1,225 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.

Target Corporation (NYSE TGT) opened at 56.11 on Friday. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 11.50 and a beta of 0.60. The stock has a 50 day moving average of $53.29 and a 200-day moving average of $57.20. Target Corporation has a one year low of $48.56 and a one year high of $79.33.

Target Corporation (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.30. The firm had revenue of $16.02 billion for the quarter, compared to analysts’ expectations of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. On average, equities analysts predict that Target Corporation will post $4.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.42%. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio (DPR) is presently 48.98%.

A number of research analysts have weighed in on TGT shares. BidaskClub upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Buckingham Research reiterated a “buy” rating and issued a $71.00 target price on shares of Target Corporation in a research note on Wednesday, April 19th. Zacks Investment Research upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Gordon Haskett started coverage on shares of Target Corporation in a research note on Tuesday, May 9th. They issued a “sell” rating and a $47.00 target price on the stock. Finally, Vetr cut shares of 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. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.94.

In other news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $137,359.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

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.