Target Corporation (TGT) Holdings Maintained by Dreman Value Management L L C
Dreman Value Management L L C held its stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,271 shares of the retailer’s stock at the close of the 2nd quarter. Dreman Value Management L L C’s holdings in Target Corporation were worth $456,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of TGT. BlackRock Inc. increased its position in shares of Target Corporation by 2,069.0% during the 1st quarter. BlackRock Inc. now owns 47,046,403 shares of the retailer’s stock worth $2,596,495,000 after purchasing an additional 44,877,391 shares during the last quarter. Dodge & Cox increased its position in shares of Target Corporation by 83.3% during the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after purchasing an additional 9,102,526 shares during the last quarter. Capital Research Global Investors acquired a new stake in shares of Target Corporation during the 2nd quarter worth about $235,305,000. Franklin Resources Inc. increased its position in shares of Target Corporation by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after purchasing an additional 1,686,774 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Target Corporation by 14.2% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer’s stock worth $568,896,000 after purchasing an additional 1,279,077 shares during the last quarter. 83.23% of the stock is owned by hedge funds and other institutional investors.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.
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 analysts’ consensus estimates of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The firm had revenue of $16.43 billion during the quarter, compared to analyst estimates of $16.30 billion. During the same quarter last year, the firm earned $1.23 EPS. Target Corporation’s quarterly revenue was up 1.6% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.12%. Target Corporation’s dividend payout ratio (DPR) is presently 50.00%.
A number of analysts recently issued reports on TGT shares. TheStreet raised Target Corporation from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Vetr downgraded Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price objective for the company. in a research report on Thursday, July 20th. BidaskClub raised Target Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. MKM Partners raised their price objective on Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research raised Target Corporation from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.08.
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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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