MEMBERS Trust Co maintained its position in shares of Target Corporation (NYSE:TGT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,591 shares of the retailer’s stock at the end of the third quarter. MEMBERS Trust Co’s holdings in Target Corporation were worth $246,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in TGT. Penserra Capital Management LLC increased its position in shares of Target Corporation by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,512 shares of the retailer’s stock valued at $103,000 after buying an additional 756 shares during the period. Kanaly Trust Co increased its position in shares of Target Corporation by 11.2% in the third quarter. Kanaly Trust Co now owns 1,534 shares of the retailer’s stock valued at $105,000 after buying an additional 154 shares during the period. First National Bank Sioux Falls increased its position in shares of Target Corporation by 18.5% in the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer’s stock valued at $110,000 after buying an additional 250 shares during the period. Woodmont Investment Counsel LLC acquired a new position in shares of Target Corporation during the third quarter valued at $128,000. Finally, Davidson Investment Advisors increased its position in shares of Target Corporation by 11.6% in the third quarter. Davidson Investment Advisors now owns 2,159 shares of the retailer’s stock valued at $148,000 after buying an additional 225 shares during the period. 88.53% of the stock is owned by hedge funds and other institutional investors.
Shares of Target Corporation (NYSE:TGT) opened at 64.81 on Tuesday. Target Corporation has a 1-year low of $62.94 and a 1-year high of $84.14. The stock has a market cap of $36.40 billion, a PE ratio of 11.53 and a beta of 0.63. The company’s 50-day moving average price is $67.72 and its 200 day moving average price is $70.80.
Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $16.44 billion for the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a return on equity of 25.18% and a net margin of 4.75%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities analysts forecast that Target Corporation will post $5.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, February 13th. Target Corporation’s payout ratio is currently 42.93%.
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Several brokerages recently weighed in on TGT. Citigroup Inc. reiterated a “buy” rating and issued a $80.00 price target on shares of Target Corporation in a report on Wednesday, December 28th. Zacks Investment Research raised shares of Target Corporation from a “sell” rating to a “hold” rating and set a $85.00 price objective on the stock in a research note on Monday, November 14th. Buckingham Research reaffirmed a “buy” rating and set a $77.00 price objective (down previously from $85.00) on shares of Target Corporation in a research note on Wednesday, January 18th. Morgan Stanley reaffirmed an “underweight” rating and set a $65.00 price objective on shares of Target Corporation in a research note on Wednesday, January 18th. Finally, Vetr cut shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $72.80 price objective on the stock. in a research note on Thursday, February 9th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Target Corporation has a consensus rating of “Hold” and a consensus target price of $73.92.
In other Target Corporation news, Director Anne M. Mulcahy sold 3,957 shares of Target Corporation stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by insiders.
About Target Corporation
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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