Target Corporation (NYSE:TGT) Shares Sold by Howland Capital Management LLC
Howland Capital Management LLC decreased its stake in shares of Target Corporation (NYSE:TGT) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,708 shares of the retailer’s stock after selling 26 shares during the period. Howland Capital Management LLC’s holdings in Target Corporation were worth $612,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in 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 during 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 during 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 during the last quarter. Morgan Stanley boosted its position in Target Corporation by 1.6% in the first quarter. Morgan Stanley now owns 6,716,718 shares of the retailer’s stock valued at $370,696,000 after buying an additional 107,163 shares during 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 during the last quarter. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Target Corporation (NYSE TGT) traded up 0.02% during mid-day trading on Friday, reaching $55.65. 6,022,770 shares of the company’s stock traded hands. Target Corporation has a 12-month low of $48.56 and a 12-month 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. The stock has a market capitalization of $30.70 billion, a PE ratio of 11.40 and a beta of 0.61.
Target Corporation (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.30. The firm had revenue of $16.02 billion during the quarter, compared to analysts’ expectations of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS. Analysts anticipate that Target Corporation will post $4.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.46%. This is a boost from Target Corporation’s previous quarterly dividend of $0.60. Target Corporation’s dividend payout ratio (DPR) is presently 48.98%.
A number of equities analysts recently commented on the company. BidaskClub raised Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Buckingham Research reaffirmed a “buy” rating and issued a $71.00 target price on shares of Target Corporation in a report on Wednesday, April 19th. Vetr cut Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 target price on the stock. in a report on Monday, August 7th. Zacks Investment Research raised Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Gordon Haskett assumed coverage on Target Corporation in a report on Tuesday, May 9th. They issued a “sell” rating and a $47.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.99.
In related 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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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