Target Corporation (NYSE:TGT) Shares Sold by 10 15 Associates Inc.
10 15 Associates Inc. reduced its stake in shares of Target Corporation (NYSE:TGT) by 96.3% during the first quarter, Holdings Channel reports. The fund owned 3,651 shares of the retailer’s stock after selling 95,246 shares during the period. 10 15 Associates Inc.’s holdings in Target Corporation were worth $201,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of TGT. Tompkins Financial Corp raised its stake in shares of Target Corporation by 84.0% in the first quarter. Tompkins Financial Corp now owns 1,711 shares of the retailer’s stock valued at $141,000 after buying an additional 781 shares during the last quarter. Cribstone Capital Management LLC raised its stake in shares of Target Corporation by 114.2% in the first quarter. Cribstone Capital Management LLC now owns 1,906 shares of the retailer’s stock valued at $101,000 after buying an additional 1,016 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Target Corporation by 77.6% in the first quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer’s stock valued at $110,000 after buying an additional 874 shares during the last quarter. Pinnacle Bank purchased a new stake in shares of Target Corporation during the first quarter valued at about $123,000. Finally, Peoples Financial Services CORP. raised its stake in shares of Target Corporation by 116.7% in the first quarter. Peoples Financial Services CORP. now owns 2,275 shares of the retailer’s stock valued at $125,000 after buying an additional 1,225 shares during the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Target Corporation (NYSE TGT) traded up 0.07% during trading on Friday, hitting $55.68. The stock had a trading volume of 2,452,439 shares. The company has a 50-day moving average of $53.97 and a 200 day moving average of $56.53. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The firm has a market cap of $30.72 billion, a P/E ratio of 11.41 and a beta of 0.61. Target Corporation also was the recipient of some unusual options trading on Tuesday. Investors purchased 43,644 call options on the company. This represents an increase of approximately 350% compared to the average daily 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 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.30. The company had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. Target Corporation’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. On average, equities research analysts predict that Target Corporation will post $4.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be paid a $0.62 dividend. This is an increase from Target Corporation’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.46%. Target Corporation’s payout ratio is 48.98%.
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Several analysts have issued reports on the company. UBS AG restated a “neutral” rating and issued a $56.00 target price (down from $60.00) on shares of Target Corporation in a research note on Tuesday, June 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. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price objective on shares of Target Corporation in a research note on Tuesday, June 20th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $55.00 price objective on shares of Target Corporation in a research note on Friday, July 14th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. Target Corporation presently has an average rating of “Hold” and an average price target of $61.99.
In related news, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $52.05, for a total value of $137,359.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.
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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