Norinchukin Bank The Has $6.22 Million Stake in Target Corporation (TGT)
Norinchukin Bank The raised its stake in shares of Target Corporation (NYSE:TGT) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,443 shares of the retailer’s stock after purchasing an additional 5,434 shares during the period. Norinchukin Bank The’s holdings in Target Corporation were worth $6,222,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. D.A. Davidson & CO. increased its position in Target Corporation by 62.4% during the third quarter. D.A. Davidson & CO. now owns 90,794 shares of the retailer’s stock worth $5,357,000 after purchasing an additional 34,892 shares during the last quarter. Rodgers Brothers Inc. grew its stake in Target Corporation by 112.1% during the third quarter. Rodgers Brothers Inc. now owns 42,809 shares of the retailer’s stock worth $2,526,000 after buying an additional 22,629 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Target Corporation by 50.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,287 shares of the retailer’s stock worth $15,064,000 after buying an additional 85,302 shares during the period. Yorktown Management & Research Co Inc purchased a new stake in Target Corporation during the third quarter worth approximately $1,180,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Target Corporation by 59.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 11,000 shares of the retailer’s stock valued at $649,000 after purchasing an additional 4,100 shares during the period. 83.60% of the stock is owned by hedge funds and other institutional investors.
Target Corporation (NYSE TGT) traded up $0.39 during trading hours on Wednesday, hitting $57.64. The company had a trading volume of 1,566,728 shares, compared to its average volume of 7,360,257. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. 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 $31,461.99, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 7.16 and a beta of 0.63.
Target Corporation (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target Corporation had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. sell-side analysts predict that Target Corporation will post 4.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is currently 51.88%.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
A number of brokerages have weighed in on TGT. BidaskClub raised shares of Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Vetr cut shares of Target Corporation from a “buy” rating to a “hold” rating and set a $59.67 price objective on the stock. in a report on Monday, August 7th. Zacks Investment Research cut shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group LLC reissued a “hold” rating on shares of Target Corporation in a research note on Friday, August 25th. Finally, BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a research report on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the stock. Target Corporation presently has an average rating of “Hold” and an average target price of $63.17.
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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