Candriam Luxembourg S.C.A. lessened its stake in Target Corporation (NYSE:TGT) by 66.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,422 shares of the retailer’s stock after selling 154,169 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Target Corporation were worth $4,569,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in TGT. ARGI Investment Services LLC acquired a new position in shares of Target Corporation during the 1st quarter worth approximately $1,402,000. Schafer Cullen Capital Management Inc. raised its stake in shares of Target Corporation by 155.1% during the 1st quarter. Schafer Cullen Capital Management Inc. now owns 10,100 shares of the retailer’s stock worth $557,000 after buying an additional 6,140 shares during the period. Oarsman Capital Inc. raised its stake in shares of Target Corporation by 1.2% during the 1st quarter. Oarsman Capital Inc. now owns 8,538 shares of the retailer’s stock worth $471,000 after buying an additional 100 shares during the period. Boston Private Wealth LLC raised its stake in shares of Target Corporation by 11.7% during the 1st quarter. Boston Private Wealth LLC now owns 51,170 shares of the retailer’s stock worth $2,824,000 after buying an additional 5,358 shares during the period. Finally, Summit Financial Wealth Advisors LLC raised its stake in shares of Target Corporation by 1.5% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 20,364 shares of the retailer’s stock worth $1,124,000 after buying an additional 292 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.
Target Corporation (TGT) opened at $60.40 on Tuesday. Target Corporation has a twelve month low of $48.56 and a twelve month high of $79.33. The company has a market capitalization of $33,538.63, a PE ratio of 12.45, a P/E/G ratio of 2.90 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98.
Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same period last year, the business posted $1.23 EPS. Target Corporation’s revenue for the quarter was up 1.6% on a year-over-year basis. equities analysts anticipate that Target Corporation will post 4.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is 50.00%.
Several research analysts have recently weighed in on TGT shares. Vetr downgraded Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 target price for the company. in a research note on Thursday, July 20th. Zacks Investment Research downgraded Target Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. BMO Capital Markets reaffirmed a “market weight” rating on shares of Target Corporation in a research note on Thursday, September 14th. MKM Partners started coverage on Target Corporation in a research note on Wednesday, October 18th. They set a “buy” rating and a $85.00 target price for the company. Finally, BidaskClub raised Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. Target Corporation presently has an average rating of “Hold” and an average price target of $64.06.
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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