Mitsubishi UFJ Trust & Banking Corp Lowers Position in Target Corporation (TGT)
Mitsubishi UFJ Trust & Banking Corp lessened its stake in Target Corporation (NYSE:TGT) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,100,931 shares of the retailer’s stock after selling 60,119 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of Target Corporation worth $57,568,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Compton Capital Management Inc. RI raised its holdings in shares of Target Corporation by 0.4% in the 1st quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after purchasing an additional 32 shares during the period. Gamble Jones Investment Counsel raised its holdings in shares of Target Corporation by 0.4% in the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after purchasing an additional 44 shares during the period. WealthTrust Fairport LLC raised its holdings in shares of Target Corporation by 0.9% in the 1st quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer’s stock worth $329,000 after purchasing an additional 55 shares during the period. Carlson Capital Management raised its holdings in shares of Target Corporation by 0.9% in the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after purchasing an additional 69 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Target Corporation by 0.8% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after purchasing an additional 74 shares during the period. 83.22% of the stock is currently owned by institutional investors.
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Shares of Target Corporation (NYSE TGT) opened at 59.96 on Monday. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a market capitalization of $32.75 billion, a P/E ratio of 12.12 and a beta of 0.60. The stock’s 50 day moving average is $56.66 and its 200-day moving average is $55.03.
Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Target Corporation’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $1.23 earnings per share. Analysts anticipate that Target Corporation will post $4.51 earnings per share for the current year.
TGT has been the topic of a number of research reports. ValuEngine cut shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Vetr raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $59.66 price target on the stock in a report on Monday, June 19th. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Tuesday, June 6th. Finally, BMO Capital Markets lifted their price target on shares of Target Corporation from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $61.64.
In related news, insider Robert M. Harrison sold 2,639 shares of the firm’s stock in a transaction 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 can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.
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.
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