Savant Capital LLC boosted its position in Target Corp. (NYSE:TGT) by 28.8% during the second quarter, Holdings Channel reports. The firm owned 4,208 shares of the retailer’s stock after buying an additional 940 shares during the period. Savant Capital LLC’s holdings in Target Corp. were worth $294,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Edgar Lomax Co. VA increased its stake in Target Corp. by 501.1% in the first quarter. Edgar Lomax Co. VA now owns 715,210 shares of the retailer’s stock worth $58,847,000 after buying an additional 596,230 shares during the period. Meritage Portfolio Management increased its stake in Target Corp. by 37.2% in the second quarter. Meritage Portfolio Management now owns 190,926 shares of the retailer’s stock worth $13,330,000 after buying an additional 51,785 shares during the period. First Republic Investment Management Inc. increased its stake in Target Corp. by 6.9% in the first quarter. First Republic Investment Management Inc. now owns 642,667 shares of the retailer’s stock worth $52,877,000 after buying an additional 41,235 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Target Corp. by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,158,318 shares of the retailer’s stock worth $80,872,000 after buying an additional 69,809 shares during the period. Finally, Strs Ohio increased its stake in 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. Hedge funds and other institutional investors own 86.19% of the company’s stock.
Shares of Target Corp. (NYSE:TGT) traded up 0.92% on Friday, hitting $69.04. 3,863,103 shares of the stock were exchanged. The company has a 50-day moving average price of $69.40 and a 200-day moving average price of $73.53. The firm has a market capitalization of $39.68 billion, a PE ratio of 12.78 and a beta of 0.68. Target Corp. has a one year low of $65.50 and a one year high of $84.14.
Target Corp. (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 had revenue of $16.20 billion for the quarter. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Equities research analysts expect that Target Corp. will post $4.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 16th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.40 annualized dividend and a yield of 3.48%. Target Corp.’s payout ratio is currently 44.44%.
A number of equities research analysts have weighed in on TGT shares. Morgan Stanley set a $64.00 target price on Target Corp. and gave the stock a “sell” rating in a research report on Friday, August 19th. Vetr downgraded Target Corp. from a “strong-buy” rating to a “buy” rating and set a $77.55 target price for the company. in a research report on Monday, September 12th. Argus restated a “hold” rating on shares of Target Corp. in a research report on Thursday, September 8th. Credit Suisse Group AG assumed coverage on Target Corp. in a report on Friday, September 16th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $60.00 price target on shares of Target Corp. in a report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average 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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