Bbva Compass Bancshares Inc. decreased its position in shares of Target Corp. (NYSE:TGT) by 27.4% during the second quarter, Holdings Channel reports. The fund owned 21,626 shares of the retailer’s stock after selling 8,169 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Target Corp. were worth $1,510,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of Target Corp. by 25.1% in the second quarter. American Century Companies Inc. now owns 3,421,175 shares of the retailer’s stock worth $238,866,000 after buying an additional 686,125 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Target Corp. by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 2,404,482 shares of the retailer’s stock worth $197,841,000 after buying an additional 10,728 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Target Corp. during the second quarter worth approximately $133,059,000. Renaissance Technologies LLC raised its position in shares of Target Corp. by 420.3% in the first quarter. Renaissance Technologies LLC now owns 1,837,200 shares of the retailer’s stock worth $151,165,000 after buying an additional 1,484,100 shares during the last quarter. Finally, Cambiar Investors LLC purchased a new position in shares of Target Corp. during the second quarter worth approximately $89,152,000. 86.16% of the stock is owned by institutional investors.
Shares of Target Corp. (NYSE:TGT) traded up 0.57% during mid-day trading on Tuesday, reaching $67.62. The company’s stock had a trading volume of 1,582,026 shares. The company’s 50-day moving average is $68.90 and its 200-day moving average is $72.75. The stock has a market capitalization of $38.87 billion, a price-to-earnings ratio of 12.51 and a beta of 0.68. Target Corp. has a 52 week low of $65.50 and a 52 week high of $84.14.
Target Corp. (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The business had revenue of $16.20 billion for the quarter. During the same period in the prior year, the company posted $1.22 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year. Equities analysts predict that Target Corp. will post $4.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s dividend payout ratio is currently 44.44%.
TGT has been the subject of a number of research reports. Jefferies Group reissued a “hold” rating and set a $72.00 price target on shares of Target Corp. in a research note on Thursday, August 18th. Zacks Investment Research lowered Target Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday. Argus reissued a “hold” rating on shares of Target Corp. in a research note on Thursday, July 7th. Nomura set a $75.00 price objective on Target Corp. and gave the company a “hold” rating in a research note on Friday, October 7th. Finally, Vetr lowered Target Corp. from a “strong-buy” rating to a “buy” rating and set a $74.42 price objective for the company. in a research note on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. Target Corp. currently has an average rating of “Hold” and a consensus target price of $74.49.
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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