Gargoyle Investment Advisor L.L.C. maintained its stake in Target Corp. (NYSE:TGT) during the second quarter, Holdings Channel reports. The firm owned 30,900 shares of the retailer’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Target Corp. were worth $2,157,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Meristem LLP raised its stake in Target Corp. by 0.5% in the first quarter. Meristem LLP now owns 28,971 shares of the retailer’s stock valued at $2,384,000 after buying an additional 152 shares in the last quarter. Investment Centers of America Inc. increased its position in shares of Target Corp. by 37.6% in the first quarter. Investment Centers of America Inc. now owns 35,165 shares of the retailer’s stock valued at $2,898,000 after buying an additional 9,608 shares during the last quarter. Sii Investments Inc. WI increased its position in shares of Target Corp. by 18.5% in the first quarter. Sii Investments Inc. WI now owns 32,885 shares of the retailer’s stock valued at $2,703,000 after buying an additional 5,132 shares during the last quarter. Sanders Morris Harris Inc. acquired a new position in shares of Target Corp. during the first quarter valued at $842,000. Finally, Arvest Bank Trust Division increased its position in shares of Target Corp. by 3.0% in the first quarter. Arvest Bank Trust Division now owns 221,776 shares of the retailer’s stock valued at $18,247,000 after buying an additional 6,386 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.
Shares of Target Corp. (NYSE:TGT) traded down 0.04% on Tuesday, hitting $68.65. The company’s stock had a trading volume of 4,376,546 shares. The company has a 50 day moving average of $69.69 and a 200 day moving average of $73.61. The firm has a market cap of $39.46 billion, a PE ratio of 12.70 and a beta of 0.68. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14.
Target Corp. (NYSE:TGT) last issued its earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.11. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The company earned $16.20 billion during the quarter. During the same period in the previous year, the company earned $1.22 EPS. Target Corp.’s quarterly revenue was down 7.2% on a year-over-year basis. Equities analysts forecast that Target Corp. will post $4.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s payout ratio is 44.44%.
Several brokerages have recently weighed in on TGT. Zacks Investment Research raised Target Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Deutsche Bank AG upped their target price on Target Corp. from $78.00 to $79.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. MKM Partners reaffirmed a “neutral” rating and set a $78.00 target price (up from $73.00) on shares of Target Corp. in a research note on Tuesday, August 16th. Edward Jones downgraded Target Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $75.00 target price (down from $81.00) on shares of Target Corp. in a research note on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.82.
Target Corp. Company Profile
Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
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