Target Corp. (TGT) Shares Sold by Compass Capital Management Inc.
Compass Capital Management Inc. reduced its stake in Target Corp. (NYSE:TGT) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,557 shares of the retailer’s stock after selling 15 shares during the period. Target Corp. accounts for about 0.3% of Compass Capital Management Inc.’s portfolio, making the stock its 28th largest position. Compass Capital Management Inc.’s holdings in Target Corp. were worth $1,505,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI increased its stake in shares of Target Corp. by 41.7% in the second quarter. Arcadia Investment Management Corp MI now owns 1,700 shares of the retailer’s stock valued at $119,000 after buying an additional 500 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Target Corp. during the first quarter valued at about $165,000. Loomis Sayles & Co. L P increased its stake in shares of Target Corp. by 58.5% in the first quarter. Loomis Sayles & Co. L P now owns 2,159 shares of the retailer’s stock valued at $178,000 after buying an additional 797 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of Target Corp. by 4.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,370 shares of the retailer’s stock valued at $165,000 after buying an additional 100 shares during the period. Finally, Joel Isaacson & Co. LLC increased its stake in shares of Target Corp. by 25.5% in the second quarter. Joel Isaacson & Co. LLC now owns 2,401 shares of the retailer’s stock valued at $168,000 after buying an additional 488 shares during the period. Institutional investors own 86.19% of the company’s stock.
Target Corp. (NYSE:TGT) traded down 1.33% during midday trading on Wednesday, hitting $67.74. The stock had a trading volume of 4,762,294 shares. The company’s 50 day moving average is $69.69 and its 200 day moving average is $73.61. Target Corp. has a 1-year low of $65.50 and a 1-year high of $84.14. The company has a market cap of $38.94 billion, a price-to-earnings ratio of 12.54 and a beta of 0.68.
Target Corp. (NYSE:TGT) last issued its earnings results on Wednesday, August 17th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. Target Corp. had a net margin of 4.59% and a return on equity of 23.59%. The business earned $16.20 billion during the quarter. During the same quarter last year, the business posted $1.22 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities analysts anticipate that Target Corp. will post $4.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 16th will be paid a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 annualized dividend and a yield of 3.54%. Target Corp.’s dividend payout ratio (DPR) is currently 44.44%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Target Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Deutsche Bank AG lifted their price target on Target Corp. from $78.00 to $79.00 and gave the company a “hold” rating in a research report on Monday, August 15th. MKM Partners reiterated a “neutral” rating and set a $78.00 price target (up from $73.00) on shares of Target Corp. in a research report on Tuesday, August 16th. Edward Jones cut Target Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Cowen and Company reiterated an “outperform” rating and set a $75.00 price target (down from $81.00) on shares of Target Corp. in a research report on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $76.82.
About Target Corp.
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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