One Capital Management LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 3.3% during the third quarter, HoldingsChannel reports. The firm owned 35,345 shares of the retailer’s stock after selling 1,190 shares during the quarter. One Capital Management LLC’s holdings in Target were worth $3,118,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TGT. BlackRock Inc. boosted its position in shares of Target by 5.3% during the second quarter. BlackRock Inc. now owns 42,770,603 shares of the retailer’s stock worth $3,255,697,000 after purchasing an additional 2,161,982 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Target during the second quarter worth $105,222,000. CIBC World Markets Inc. boosted its position in shares of Target by 13,948.9% during the first quarter. CIBC World Markets Inc. now owns 811,322 shares of the retailer’s stock worth $56,330,000 after purchasing an additional 805,547 shares in the last quarter. Tyvor Capital LLC bought a new position in shares of Target during the second quarter worth $46,411,000. Finally, Chevy Chase Trust Holdings Inc. bought a new position in shares of Target during the second quarter worth $44,644,000. 83.52% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on TGT shares. MKM Partners set a $91.00 price objective on shares of Target and gave the company a “buy” rating in a research report on Friday, June 29th. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Gordon Haskett raised shares of Target from a “hold” rating to an “accumulate” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Tuesday, August 7th. Finally, Loop Capital set a $102.00 price objective on shares of Target and gave the company a “hold” rating in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.68.
Target stock opened at $85.40 on Tuesday. The stock has a market cap of $46.43 billion, a PE ratio of 18.13, a PEG ratio of 2.44 and a beta of 0.70. Target Co. has a fifty-two week low of $54.04 and a fifty-two week high of $90.39. The company has a current ratio of 0.82, a quick ratio of 0.17 and a debt-to-equity ratio of 1.09.
Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 22nd. The retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $17.78 billion for the quarter, compared to analyst estimates of $17.33 billion. Target had a net margin of 4.19% and a return on equity of 24.29%. Target’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 EPS. Research analysts expect that Target Co. will post 5.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.64 per share. The ex-dividend date is Tuesday, November 20th. This represents a $2.56 annualized dividend and a dividend yield of 3.00%. Target’s dividend payout ratio is presently 54.35%.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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