Federated Investors Inc. PA grew its stake in shares of Target Corporation (NYSE:TGT) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 525,110 shares of the retailer’s stock after buying an additional 40,100 shares during the quarter. Federated Investors Inc. PA owned about 0.10% of Target Corporation worth $27,458,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. OLD National Bancorp IN raised its position in shares of Target Corporation by 13.8% during the 1st quarter. OLD National Bancorp IN now owns 62,330 shares of the retailer’s stock worth $3,440,000 after buying an additional 7,547 shares in the last quarter. ING Groep NV raised its position in shares of Target Corporation by 114.3% during the 1st quarter. ING Groep NV now owns 7,632 shares of the retailer’s stock worth $421,000 after buying an additional 4,071 shares in the last quarter. Honeywell International Inc. raised its holdings in shares of Target Corporation by 44.8% in the 1st quarter. Honeywell International Inc. now owns 665,100 shares of the retailer’s stock worth $36,707,000 after purchasing an additional 205,700 shares in the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of Target Corporation by 23.7% in the 1st quarter. Cascade Investment Advisors Inc. now owns 24,445 shares of the retailer’s stock worth $1,349,000 after purchasing an additional 4,685 shares in the last quarter. Finally, Tufton Capital Management raised its holdings in shares of Target Corporation by 10.5% in the 1st quarter. Tufton Capital Management now owns 159,956 shares of the retailer’s stock worth $8,828,000 after purchasing an additional 15,137 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.
TGT has been the topic of a number of research reports. Vetr downgraded shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $58.97 target price on the stock. in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, June 6th. BidaskClub upgraded shares of Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. MKM Partners boosted their target price on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 target price on shares of Target Corporation in a report on Tuesday, June 20th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. Target Corporation has an average rating of “Hold” and an average price target of $61.64.
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Shares of Target Corporation (NYSE TGT) opened at 57.89 on Wednesday. The company has a market capitalization of $31.62 billion, a P/E ratio of 11.70 and a beta of 0.60. The firm has a 50-day moving average of $56.25 and a 200 day moving average of $54.99. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33.
Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. On average, analysts anticipate that Target Corporation will post $4.51 EPS for the current year.
About Target Corporation
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.
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