Horrell Capital Management Inc. held its position in shares of Target Corp. (NYSE:TGT) during the second quarter, Holdings Channel reports. The institutional investor owned 27,000 shares of the retailer’s stock at the end of the second quarter. Target Corp. makes up 1.4% of Horrell Capital Management Inc.’s portfolio, making the stock its 27th largest position. Horrell Capital Management Inc.’s holdings in Target Corp. were worth $2,222,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI increased its position 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 period. Acrospire Investment Management LLC purchased a new stake in Target Corp. during the first quarter worth approximately $165,000. Duncker Streett & Co. Inc. increased its stake in 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 during the last quarter. Joel Isaacson & Co. LLC increased its stake in 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 during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in 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 during the last quarter. Institutional investors own 86.19% of the company’s stock.
Target Corp. (NYSE:TGT) traded down 0.15% on Thursday, hitting $67.72. 2,887,308 shares of the stock traded hands. The stock has a 50-day moving average price of $70.24 and a 200 day moving average price of $74.03. Target Corp. has a 12-month low of $65.50 and a 12-month high of $84.14. The stock has a market cap of $38.93 billion, a P/E ratio of 12.53 and a beta of 0.68.
Target Corp. (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. The company had revenue of $16.20 billion for the quarter. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. On average, equities analysts expect that Target Corp. will post $4.96 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a yield of 3.54%. Target Corp.’s dividend payout ratio is 44.44%.
A number of analysts have recently commented on TGT shares. Vetr downgraded Target Corp. from a “buy” rating to a “hold” rating and set a $72.27 price objective for the company. in a report on Thursday, June 30th. BMO Capital Markets restated a “market perform” rating and set a $76.00 price objective on shares of Target Corp. in a report on Wednesday, July 6th. Argus restated a “hold” rating on shares of Target Corp. in a report on Thursday, July 7th. Piper Jaffray Cos. restated an “overweight” rating and set a $86.00 price objective on shares of Target Corp. in a report on Thursday, July 7th. Finally, Zacks Investment Research downgraded Target Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average 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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