NEXT Financial Group Inc Buys 4,741 Shares of Target Corporation (TGT)

NEXT Financial Group Inc raised its position in Target Corporation (NYSE:TGT) by 92.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,856 shares of the retailer’s stock after buying an additional 4,741 shares during the period. NEXT Financial Group Inc’s holdings in Target Corporation were worth $550,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Target Corporation by 0.3% in the fourth quarter. State Street Corp now owns 51,198,488 shares of the retailer’s stock worth $3,698,062,000 after buying an additional 145,625 shares during the last quarter. Dodge & Cox purchased a new position in shares of Target Corporation during the fourth quarter worth approximately $788,237,000. Bank of New York Mellon Corp boosted its position in shares of Target Corporation by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 9,555,703 shares of the retailer’s stock worth $527,380,000 after buying an additional 996,689 shares during the last quarter. Norges Bank purchased a new position in shares of Target Corporation during the fourth quarter worth approximately $460,220,000. Finally, LSV Asset Management boosted its position in shares of Target Corporation by 4.7% in the first quarter. LSV Asset Management now owns 5,727,335 shares of the retailer’s stock worth $316,091,000 after buying an additional 259,192 shares during the last quarter. 83.00% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

Shares of Target Corporation (NYSE:TGT) opened at 51.71 on Tuesday. The firm has a market capitalization of $28.53 billion, a PE ratio of 10.60 and a beta of 0.58. Target Corporation has a 1-year low of $48.56 and a 1-year high of $79.33. The firm has a 50-day moving average price of $55.69 and a 200-day moving average price of $61.45.

Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.30. The company had revenue of $16.02 billion during 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 firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. On average, analysts forecast that Target Corporation will post $4.24 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Monday, August 14th. This is a positive change from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio is 48.98%.

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TGT has been the subject of a number of research analyst reports. BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Buckingham Research reissued a “buy” rating and set a $71.00 target price on shares of Target Corporation in a report on Wednesday, April 19th. Barclays PLC reduced their target price on Target Corporation from $60.00 to $50.00 and set an “underweight” rating for the company in a report on Wednesday, March 1st. Zacks Investment Research raised Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Gordon Haskett initiated coverage on Target Corporation in a report on Tuesday, May 9th. They set a “sell” rating and a $47.00 target price for the company. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $64.68.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TGT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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