Tudor Investment Corp ET AL Has $1.72 Million Position in Target Corporation (TGT)
Tudor Investment Corp ET AL cut its stake in shares of Target Corporation (NYSE:TGT) by 25.4% during the first quarter, Holdings Channel reports. The institutional investor owned 31,121 shares of the retailer’s stock after selling 10,618 shares during the period. Tudor Investment Corp ET AL’s holdings in Target Corporation were worth $1,718,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of TGT. BlackRock Inc. boosted its position in Target Corporation by 2,069.0% in the first quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock valued at $2,596,495,000 after buying an additional 44,877,391 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Target Corporation by 14.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock valued at $568,896,000 after buying an additional 1,279,077 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Target Corporation by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 9,555,703 shares of the retailer’s stock valued at $527,380,000 after buying an additional 996,689 shares in the last quarter. Schroder Investment Management Group boosted its position in Target Corporation by 112.5% in the first quarter. Schroder Investment Management Group now owns 1,126,610 shares of the retailer’s stock valued at $62,245,000 after buying an additional 596,551 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Target Corporation by 8.9% in the first quarter. Geode Capital Management LLC now owns 6,035,990 shares of the retailer’s stock valued at $332,703,000 after buying an additional 494,836 shares in the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Shares of Target Corporation (NYSE:TGT) traded down 3.65% during midday trading on Thursday, hitting $55.76. 4,026,091 shares of the company were exchanged. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The company has a 50-day moving average price of $53.83 and a 200-day moving average price of $56.54. The stock has a market capitalization of $30.76 billion, a price-to-earnings ratio of 11.43 and a beta of 0.61. Target Corporation also saw some unusual options trading on Tuesday. Traders bought 43,644 call options on the stock. This represents an increase of approximately 350% compared to the typical volume of 9,688 call options.
Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, beating the consensus estimate of $0.91 by $0.30. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%. The company had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. On average, analysts forecast that Target Corporation will post $4.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Monday, August 14th. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio is currently 48.98%.
Several equities analysts recently issued reports on TGT shares. ValuEngine cut shares of Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 target price (up from $56.00) on shares of Target Corporation in a research note on Friday, May 19th. Vetr upgraded shares of Target Corporation from a “hold” rating to a “buy” rating and set a $61.86 target price for the company in a research note on Wednesday, May 10th. Zacks Investment Research upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, BidaskClub upgraded shares of Target Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. Target Corporation has an average rating of “Hold” and a consensus price target of $61.99.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT).
Receive News & Ratings for Target Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corporation and related companies with MarketBeat.com's FREE daily email newsletter.