Grandfield & Dodd LLC maintained its position in shares of Target Corp. (NYSE:TGT) during the second quarter, Holdings Channel reports. The institutional investor owned 5,336 shares of the retailer’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in Target Corp. were worth $373,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in TGT. Arcadia Investment Management Corp MI increased its stake in shares of Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Target Corp. during the first quarter valued at about $165,000. Loomis Sayles & Co. L P increased its stake in shares of Target Corp. by 58.5% in the first quarter. Loomis Sayles & Co. L P now owns 2,159 shares of the retailer’s stock valued at $178,000 after buying an additional 797 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its stake in shares of Target Corp. by 25.5% in the second quarter. Joel Isaacson & Co. LLC now owns 2,401 shares of the retailer’s stock valued at $168,000 after buying an additional 488 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.
Shares of Target Corp. (NYSE:TGT) traded up 0.99% during mid-day trading on Thursday, reaching $68.41. The company had a trading volume of 5,032,349 shares. The company has a market cap of $39.32 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The firm’s 50-day moving average price is $69.46 and its 200 day moving average price is $73.57. Target Corp. has a 52-week low of $65.50 and a 52-week high of $84.14.
Target Corp. (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarter last year, the business earned $1.22 earnings per share. Target Corp.’s revenue was down 7.2% compared to the same quarter last year. Equities analysts expect 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. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.51%. Target Corp.’s dividend payout ratio (DPR) is 44.44%.
Several equities research analysts have recently issued reports on TGT shares. Morgan Stanley set a $64.00 price objective on shares of Target Corp. and gave the stock a “sell” rating in a research note on Friday, August 19th. Vetr downgraded shares of Target Corp. from a “strong-buy” rating to a “buy” rating and set a $77.55 price objective on the stock. in a research note on Monday, September 12th. Argus restated a “hold” rating on shares of Target Corp. in a research note on Thursday, September 8th. Credit Suisse Group AG started coverage on shares of Target Corp. in a research note on Friday, September 16th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Barclays PLC restated an “underweight” rating and issued a $60.00 price objective on shares of Target Corp. in a research note on Friday, September 23rd. Two research 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. The company presently has an average rating of “Hold” and a consensus 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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