Diversified Trust Co continued to hold its stake in shares of Target Corp. (NYSE:TGT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,308 shares of the retailer’s stock at the end of the second quarter. Diversified Trust Co’s holdings in Target Corp. were worth $440,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in TGT. Meristem LLP raised its position in shares of Target Corp. by 0.5% in the first quarter. Meristem LLP now owns 28,971 shares of the retailer’s stock worth $2,384,000 after buying an additional 152 shares during the period. Glenmede Trust Co. NA raised its position in shares of Target Corp. by 75.7% in the first quarter. Glenmede Trust Co. NA now owns 631,212 shares of the retailer’s stock worth $51,935,000 after buying an additional 271,970 shares during the period. New Century Investment Management Inc. raised its position in shares of Target Corp. by 0.4% in the first quarter. New Century Investment Management Inc. now owns 6,981 shares of the retailer’s stock worth $574,000 after buying an additional 31 shares during the period. Sumitomo Life Insurance Co. raised its position in shares of Target Corp. by 39.4% in the first quarter. Sumitomo Life Insurance Co. now owns 33,538 shares of the retailer’s stock worth $2,760,000 after buying an additional 9,471 shares during the period. Finally, Chesley Taft & Associates LLC raised its position in shares of Target Corp. by 3.3% in the first quarter. Chesley Taft & Associates LLC now owns 5,656 shares of the retailer’s stock worth $465,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.
Target Corp. (NYSE:TGT) traded down 0.69% on Wednesday, reaching $67.82. 3,376,036 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $70.39 and a 200-day moving average of $74.07. The firm has a market capitalization of $38.98 billion, a price-to-earnings ratio of 12.55 and a beta of 0.68. Target Corp. has a 12 month low of $65.50 and a 12 month high of $84.14.
Target Corp. (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The company earned $16.20 billion during the quarter. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 EPS. On average, equities analysts expect that Target Corp. will post $4.96 earnings per share for the current year.
The company 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Monday, November 14th. Target Corp.’s dividend payout ratio (DPR) is currently 44.44%.
A number of equities analysts have weighed in on the stock. Telsey Advisory Group decreased their price target on shares of Target Corp. from $88.00 to $82.00 and set an “outperform” rating on the stock in a report on Thursday, August 18th. Vetr upgraded shares of Target Corp. from a “hold” rating to a “buy” rating and set a $79.09 price target on the stock in a report on Monday, August 1st. Zacks Investment Research lowered shares of Target Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $86.00 price target on shares of Target Corp. in a report on Wednesday, August 17th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $75.00 price target (down previously from $81.00) on shares of Target Corp. in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target 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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