Prospera Financial Services Inc raised its position in Target Corp. (NYSE:TGT) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,564 shares of the retailer’s stock after buying an additional 243 shares during the period. Prospera Financial Services Inc’s holdings in Target Corp. were worth $388,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Conning Inc. raised its position in shares of Target Corp. by 13.7% in the second quarter. Conning Inc. now owns 368,695 shares of the retailer’s stock worth $25,742,000 after buying an additional 44,331 shares during the period. PGGM Investments raised its position in shares of Target Corp. by 16.7% in the second quarter. PGGM Investments now owns 857,483 shares of the retailer’s stock worth $59,869,000 after buying an additional 122,414 shares during the period. Genesee Valley Trust Co. raised its position in shares of Target Corp. by 40.2% in the second quarter. Genesee Valley Trust Co. now owns 15,216 shares of the retailer’s stock worth $1,062,000 after buying an additional 4,363 shares during the period. Strs Ohio raised its position in shares of Target Corp. by 4.8% in the second quarter. Strs Ohio now owns 522,392 shares of the retailer’s stock worth $36,473,000 after buying an additional 24,086 shares during the period. Finally, Wagner Bowman Management Corp raised its position in shares of Target Corp. by 3.2% in the second quarter. Wagner Bowman Management Corp now owns 14,040 shares of the retailer’s stock worth $980,000 after buying an additional 430 shares during the period. Institutional investors own 86.19% of the company’s stock.
Target Corp. (NYSE:TGT) traded up 1.59% on Tuesday, reaching $68.29. 5,778,369 shares of the company’s stock were exchanged. Target Corp. has a 52-week low of $65.50 and a 52-week high of $84.14. The company has a market cap of $39.25 billion, a PE ratio of 12.64 and a beta of 0.68. The firm’s 50 day moving average price is $70.53 and its 200 day moving average price is $74.12.
Target Corp. (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The firm earned $16.20 billion during the quarter. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. On average, analysts expect that Target Corp. will post $4.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a yield of 3.51%. Target Corp.’s dividend payout ratio (DPR) is 44.44%.
Several equities analysts recently issued reports on TGT shares. Barclays PLC restated an “underweight” rating and issued a $60.00 target price on shares of Target Corp. in a report on Friday. Vetr lowered shares of Target Corp. from a “strong-buy” rating to a “buy” rating and set a $74.42 target price on the stock. in a report on Monday, September 19th. Credit Suisse Group AG started coverage on shares of Target Corp. in a report on Friday, September 16th. They issued a “neutral” rating and a $65.00 target price on the stock. Jefferies Group restated a “hold” rating on shares of Target Corp. in a report on Monday, September 12th. Finally, Cowen and Company lowered shares of Target Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $75.00 to $68.00 in a report on Monday, September 12th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $77.12.
About Target Corp.
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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