Henderson Group PLC Has $3.98 Million Stake in Target Co. (TGT)

Henderson Group PLC raised its position in shares of Target Co. (NYSE:TGT) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 72,121 shares of the retailer’s stock after buying an additional 700 shares during the period. Henderson Group PLC’s holdings in Target were worth $3,979,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TGT. Dodge & Cox acquired a new position in shares of Target during the fourth quarter worth approximately $788,237,000. Norges Bank acquired a new position in shares of Target during the fourth quarter worth approximately $460,220,000. Renaissance Technologies LLC acquired a new position in shares of Target during the fourth quarter worth approximately $129,277,000. Equity Investment Corp Acquisition Inc acquired a new position in shares of Target during the fourth quarter worth approximately $128,071,000. Finally, Two Sigma Advisers LP increased its position in shares of Target by 652.1% in the third quarter. Two Sigma Advisers LP now owns 2,012,067 shares of the retailer’s stock worth $138,189,000 after buying an additional 1,744,553 shares in the last quarter. Institutional investors own 88.53% of the company’s stock.

Institutional Ownership by Quarter for Target (NYSE:TGT)

Shares of Target Co. (NYSE:TGT) opened at 54.47 on Thursday. The company’s 50 day moving average price is $55.55 and its 200 day moving average price is $62.76. Target Co. has a 52-week low of $52.72 and a 52-week high of $79.33. The stock has a market capitalization of $30.05 billion, a PE ratio of 11.16 and a beta of 0.63.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.30. Target had a return on equity of 25.18% and a net margin of 4.75%. The company had revenue of $16.02 billion for the quarter, compared to analyst estimates of $15.63 billion. During the same period in the prior year, the company posted $1.29 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Target Co. will post $4.24 EPS for the current year.

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TGT has been the subject of a number of recent analyst reports. ValuEngine downgraded Target from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Vetr upgraded Target from a “hold” rating to a “buy” rating and set a $61.86 target price for the company in a report on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and set a $59.00 target price (up previously from $56.00) on shares of Target in a report on Friday, May 19th. Zacks Investment Research downgraded Target from a “hold” rating to a “strong sell” rating in a report on Monday, March 20th. Finally, Buckingham Research restated a “buy” rating and set a $71.00 target price on shares of Target in a report on Wednesday, April 19th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $64.76.

About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TGT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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