Harbour Capital Advisors LLC maintained its stake in Target Corporation (NYSE:TGT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,200 shares of the retailer’s stock at the end of the first quarter. Harbour Capital Advisors LLC’s holdings in Target Corporation were worth $287,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Welch & Forbes LLC raised its stake in Target Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 8,150 shares of the retailer’s stock valued at $450,000 after buying an additional 24 shares in the last quarter. Compton Capital Management Inc. RI raised its stake in Target Corporation by 0.4% in the first quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock valued at $487,000 after buying an additional 32 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in Target Corporation by 0.9% in the first quarter. TRUE Private Wealth Advisors now owns 4,488 shares of the retailer’s stock valued at $238,000 after buying an additional 38 shares in the last quarter. WealthTrust Fairport LLC raised its stake in Target Corporation by 0.9% in the first quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer’s stock valued at $329,000 after buying an additional 55 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Target Corporation by 0.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 14,231 shares of the retailer’s stock valued at $734,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 82.63% of the company’s stock.
Target Corporation (TGT) traded down 3.65% during mid-day trading on Thursday, reaching $55.76. 4,031,995 shares of the company were exchanged. The company has a market cap of $30.76 billion, a P/E ratio of 11.43 and a beta of 0.61. The stock’s 50-day moving average is $53.83 and its 200-day moving average is $56.54. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. Target Corporation also was the target of some unusual options trading on Tuesday. Investors purchased 43,644 call options on the stock. This represents an increase of 350% compared to the typical volume of 9,688 call options.
Target Corporation (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.30. The business had revenue of $16.02 billion during the quarter, compared to analyst estimates of $15.63 billion. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. Equities analysts expect that Target Corporation will post $4.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors 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 4.29%. This is an increase from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 14th. Target Corporation’s dividend payout ratio (DPR) is presently 48.98%.
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Several equities research analysts recently commented on the stock. Vetr lowered shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 price objective on the stock. in a research report on Monday, June 12th. UBS AG reiterated a “neutral” rating and issued a $56.00 price objective (down from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 price objective (up from $56.00) on shares of Target Corporation in a research report on Friday, May 19th. Citigroup Inc. lowered shares of Target Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $51.00 to $56.00 in a research report on Wednesday, June 21st. Finally, BMO Capital Markets boosted their price objective on shares of Target Corporation from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.99.
In related news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.
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.
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