Commerce Bank trimmed its position in Target Corporation (NYSE:TGT) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,920 shares of the retailer’s stock after selling 2,715 shares during the period. Commerce Bank’s holdings in Target Corporation were worth $5,896,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in shares of Target Corporation by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after purchasing an additional 399 shares in the last quarter. Davidson Investment Advisors boosted its position in shares of Target Corporation by 18.5% in the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after buying an additional 400 shares in the last quarter. Jacobi Capital Management LLC boosted its position in shares of Target Corporation by 109.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after buying an additional 1,310 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of Target Corporation by 19.1% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after buying an additional 445 shares in the last quarter. Finally, Sandy Spring Bank boosted its position in shares of Target Corporation by 6.7% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Several equities research analysts recently commented on TGT shares. Vetr lowered shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price objective on the stock. in a research report on Thursday, July 20th. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. MKM Partners reissued a “neutral” rating on shares of Target Corporation in a research note on Tuesday, August 15th. Gordon Haskett raised shares of Target Corporation from a “sell” rating to a “hold” rating and upped their price objective for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $67.00 price objective (up previously from $62.00) 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 assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $63.40.
Shares of Target Corporation (NYSE TGT) traded up $1.90 during mid-day trading on Friday, reaching $57.00. The company had a trading volume of 6,450,000 shares, compared to its average volume of 7,450,000. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.26. Target Corporation has a fifty-two week low of $48.56 and a fifty-two week high of $79.33. The company has a market capitalization of $31,140.00, a PE ratio of 11.28, a P/E/G ratio of 4.91 and a beta of 0.63.
Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. Target Corporation had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same quarter last year, the company posted $1.04 EPS. Target Corporation’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts expect that Target Corporation will post 4.47 EPS for the current year.
The business 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. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.35%. Target Corporation’s dividend payout ratio (DPR) is 52.10%.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction 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 at the SEC website. Company insiders own 0.25% of the company’s stock.
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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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