Symons Capital Management Inc. Acquires Shares of 337,085 Target Corporation (TGT)
Symons Capital Management Inc. acquired a new stake in Target Corporation (NYSE:TGT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 337,085 shares of the retailer’s stock, valued at approximately $17,626,000. Target Corporation makes up approximately 4.3% of Symons Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Symons Capital Management Inc. owned about 0.06% of Target Corporation as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC increased its position in Target Corporation by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 2,346 shares of the retailer’s stock valued at $129,000 after acquiring an additional 204 shares in the last quarter. Davidson Investment Advisors grew its position in shares of Target Corporation by 18.5% during the 1st quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer’s stock worth $141,000 after buying an additional 400 shares during the period. Kistler Tiffany Companies LLC grew its position in shares of Target Corporation by 19.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after buying an additional 445 shares during the period. Washington Trust Bank grew its position in shares of Target Corporation by 105.6% during the 2nd quarter. Washington Trust Bank now owns 3,067 shares of the retailer’s stock worth $160,000 after buying an additional 1,575 shares during the period. Finally, Massey Quick & Co. LLC acquired a new stake in shares of Target Corporation during the 1st quarter worth approximately $180,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.
In other Target Corporation news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.
Shares of Target Corporation (NYSE TGT) opened at 57.89 on Wednesday. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The company has a market cap of $31.62 billion, a price-to-earnings ratio of 11.70 and a beta of 0.60. The stock has a 50 day moving average of $56.25 and a 200-day moving average of $54.99.
Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business had revenue of $16.43 billion for the quarter, compared to analysts’ expectations of $16.30 billion. During the same period last year, the business earned $1.23 EPS. The business’s revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Target Corporation will post $4.51 EPS for the current year.
Several brokerages have recently commented on TGT. UBS AG reiterated a “neutral” rating and set a $56.00 price target (down previously from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 price target for the company. in a research report on Monday, June 12th. BMO Capital Markets reiterated a “market perform” rating and set a $67.00 price target (up previously from $62.00) on shares of Target Corporation in a research report on Friday, August 18th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price target (up previously from $58.00) on shares of Target Corporation in a research report on Friday, August 18th. Finally, Citigroup Inc. cut shares of Target Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $51.00 to $56.00 in a research report on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. Target Corporation currently has an average rating of “Hold” and an average price target of $61.64.
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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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