First National Trust Co. raised its position in shares of Target Corp. (NYSE:TGT) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 37,880 shares of the retailer’s stock after buying an additional 727 shares during the period. First National Trust Co.’s holdings in Target Corp. were worth $2,645,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of TGT. Arcadia Investment Management Corp MI boosted 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 worth $119,000 after buying an additional 500 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Target Corp. during the first quarter worth about $165,000. Duncker Streett & Co. Inc. raised 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 worth $165,000 after buying an additional 100 shares in the last quarter. Joel Isaacson & Co. LLC raised 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 worth $168,000 after buying an additional 488 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised 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 worth $178,000 after buying an additional 797 shares in the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.
Target Corp. (NYSE:TGT) traded down 0.04% during trading on Tuesday, reaching $68.65. 4,376,546 shares of the company were exchanged. The firm’s 50 day moving average is $69.69 and its 200 day moving average is $73.61. The stock has a market capitalization of $39.46 billion, a PE ratio of 12.70 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 released its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. The firm earned $16.20 billion during the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 EPS. Analysts expect that Target Corp. will post $4.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Monday, November 14th. Target Corp.’s payout ratio is 44.44%.
A number of equities research analysts recently issued reports on the stock. Cowen and Company reissued an “outperform” rating and issued a $75.00 price objective (down previously from $81.00) on shares of Target Corp. in a report on Wednesday, August 17th. Vetr lowered shares of Target Corp. from a “buy” rating to a “sell” rating and set a $66.50 price objective for the company. in a report on Monday. Credit Suisse Group AG reissued a “hold” rating and issued a $72.00 price objective on shares of Target Corp. in a report on Sunday, August 21st. Zacks Investment Research raised shares of Target Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $76.00 price objective on shares of Target Corp. in a report on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $76.82.
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.
Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corp. (NYSE:TGT).
Receive News & Ratings for Target Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corp. and related companies with MarketBeat.com's FREE daily email newsletter.