Gordon Haskett initiated Target Corporation (NYSE:TGT) rating on Tuesday, May 9. The firm owned 13,566 shares of the retailer's stock after buying an additional 2,897 shares during the period. Fayerweather Charles' holdings in Target Corporation were worth $237,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company.
WARNING: "Fayerweather Charles Cuts Stake in Target Corporation (NYSE:TGT)" was first reported by Community Financial News and is owned by of Community Financial News. 4,462,766 shares of the company's stock traded hands. Proficio Capital Partners LLC augmented its investment by buying 5,550 shares an increase of 2,193.7% in the quarter. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 47,046,403 shares of the stock are valued at $2.72 billion. Reilly Financial Advisors LLC increased its position in Target Corporation by 77.6% in the first quarter. Swiss National Bank now owns 2,230,611 shares of the retailer's stock worth $123,107,000 after buying an additional 363,800 shares during the period.
Executive Officer, LIU DON H, purchased 2,000 common shares of Target Corporation (TGT) in the open market. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Target Corporation by 0.7% in the first quarter. Gradient Investments LLC now owns 93,276 shares of the retailer's stock worth $5,148,000 after buying an additional 21,631 shares during the period. Institutional investors and hedge funds own 82.63% of the company's stock.
Target Corporation (NYSE TGT) traded up 0.09% during trading on Friday, reaching $55.69. The firm has a market capitalization of $30.70 billion, a PE ratio of 11.40 and a beta of 0.61. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The company's 50-day moving average price is $54.12 and its 200-day moving average price is $56.47. Target Corporation also was the recipient of some unusual options trading on Tuesday. This is an increase of approximately 350% compared to the average volume of 9,688 call options.
Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.91 by $0.30. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The business had revenue of $16.02 billion for the quarter, compared to analyst estimates of $15.63 billion. The firm's revenue for the quarter was down 1.1% compared to the same quarter a year ago. Target's revenue was down 1.1% on a year-over-year basis. On average, equities research analysts predict that Target Corporation will post $4.39 earnings per share for the current fiscal year. Stockholders of record on Wednesday, August 16th will be issued a $0.62 dividend. This is an increase from Target Corporation's previous quarterly dividend of $0.60. The ex-dividend date is Monday the 15th of May 2017. This dividend represents a yield of $4.22. Target Corporation's dividend payout ratio is now 48.98%.
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A number of research analysts have commented on TGT shares. Zacks Investment Research downgraded shares of Target Corporation from a hold rating to a strong sell rating in a report on Monday, March 20th. Vetr lowered Target Corporation from a "buy" rating to a "hold" rating and set a $59.67 target price on the stock.in a research note on Monday. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company. Buckingham Research reissued a buy rating and issued a $71.00 price target on shares of Target Corporation in a report on Wednesday, April 19th. The stock presently has an average rating of "Hold" and a consensus target price of $61.99.
In other news, insider Robert M. Harrison sold 2,639 shares of the 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 document filed with the SEC, which is available at this link. Corporate insiders own 0.25% of the company's stock. The Business's 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.
These funds have also shifted positions in (TGT).