Stratos Wealth Partners LTD. acquired a new position in shares of Target Corporation (NYSE:TGT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,507 shares of the retailer’s stock, valued at approximately $679,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Fiera Capital Corp raised its holdings in Target Corporation by 0.4% during the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after purchasing an additional 19 shares in the last quarter. Gamble Jones Investment Counsel raised its holdings in Target Corporation by 0.4% during the second quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after purchasing an additional 44 shares in the last quarter. Carlson Capital Management raised its holdings in Target Corporation by 0.9% during the second quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after purchasing an additional 69 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Target Corporation by 0.8% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after purchasing an additional 74 shares in the last quarter. Finally, Jolley Asset Management LLC raised its holdings in Target Corporation by 2.2% during the second quarter. Jolley Asset Management LLC now owns 3,455 shares of the retailer’s stock worth $181,000 after purchasing an additional 75 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’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 at this hyperlink. 0.25% of the stock is currently owned by insiders.
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Shares of Target Corporation (NYSE:TGT) traded up $3.04 during mid-day trading on Friday, reaching $58.14. 15,956,657 shares of the company traded hands, compared to its average volume of 7,362,166. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The firm has a market cap of $30,100.00, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 5.38 and a beta of 0.63. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98.
Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. sell-side analysts predict that Target Corporation will post 4.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders 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 dividend yield of 4.27%. The ex-dividend date is Tuesday, November 14th. Target Corporation’s payout ratio is currently 52.10%.
Target Corporation Company Profile
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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