Candriam Luxembourg S.C.A. increased its position in Target Corp. (NYSE:TGT) by 58.3% during the second quarter, Holdings Channel reports. The firm owned 356,752 shares of the retailer’s stock after buying an additional 131,395 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Target Corp. were worth $24,910,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI raised 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 worth $119,000 after buying an additional 500 shares during the period. Acrospire Investment Management LLC bought a new position in shares of Target Corp. during the first quarter worth about $165,000. Duncker Streett & Co. Inc. raised its position 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 during the period. Joel Isaacson & Co. LLC raised its position 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 during the period. Finally, Loomis Sayles & Co. L P raised its position 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 during the period. 86.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Target Corp. (NYSE:TGT) traded down 0.69% during mid-day trading on Wednesday, hitting $67.82. The stock had a trading volume of 3,376,036 shares. The stock’s 50-day moving average is $70.39 and its 200-day moving average is $74.07. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14. The firm has a market capitalization of $38.98 billion, a PE ratio of 12.55 and a beta of 0.68.
Target Corp. (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 17th. The retailer reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. The company had revenue of $16.20 billion for the quarter. Target Corp. had a return on equity of 23.59% and a net margin of 4.59%. Target Corp.’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. Equities analysts expect that Target Corp. will post $4.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, November 14th. Target Corp.’s dividend payout ratio is currently 44.44%.
TGT has been the topic of a number of research reports. Vetr raised shares of Target Corp. from a “hold” rating to a “buy” rating and set a $75.70 target price on the stock in a research report on Monday, July 4th. Miller Tabak began coverage on shares of Target Corp. in a report on Friday, July 29th. They issued a “buy” rating and a $87.00 price target on the stock. Citigroup Inc. reissued a “buy” rating and issued a $80.00 price target on shares of Target Corp. in a report on Thursday, August 18th. Nomura set a $75.00 price target on shares of Target Corp. and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research raised shares of Target Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. Target Corp. presently has a consensus rating of “Hold” and an average target price of $77.12.
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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