In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business's stock in a transaction on Friday, September 15th. BidaskClub raised shares of Target Corporation from a sell rating to a hold rating in a research note on Monday, July 31st.
Shares of Target Corporation (TGT) traded down $1.00 during trading on Tuesday, reaching $60.40.
Several other hedge funds have also recently modified their holdings of TGT. NN Investment Partners Holdings N.V. raised its stake in Target Corp.by 3.8% in the fourth quarter. Carlson Capital Management boosted its holdings in shares of Target Corporation by 0.9% in the 2nd quarter. CAPROCK Group Inc. purchased a new stake in shares of Target Corporation in the third quarter valued at approximately $832,000. Conning Inc. boosted its holdings in shares of Target Corporation by 2.1% in the second quarter.
TRADEMARK VIOLATION WARNING: "Target Corporation (TGT) Shares Bought by First Quadrant L P CA" was first reported by Week Herald and is owned by of Week Herald. Boston Private Wealth LLC now owns 53,455 shares of the retailer's stock valued at $2,795,000 after purchasing an additional 2,285 shares during the period.
Vetr upgraded shares of Target Corporation (NYSE:TGT) from a hold rating to a buy rating in a research report report published on Monday. BMO Capital Markets reissued a "market weight" rating on shares of Target Corporation in a research note on Thursday, September 14th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and worldwide copyright law. Gordon Haskett raised shares of Target Corporation from a sell rating to a hold rating and upped their price target for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 period. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer's stock worth $155,000 after purchasing an additional 132 shares during the period. The correct version of this story can be read at https://stocknewstimes.com/2017/11/15/target-corporation-tgt-stake-increased-by-palisade-asset-management-llc.html. 6,608,700 shares of the company were exchanged, compared to its average volume of 7,166,543. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98.
Target Corp. has a 52-week low of $65.06 and a 52-week high of $84.14. The company has a market capitalization of $33,538.63, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. Company insiders own 0.20% of the company's stock. (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 16th.
Net income fell to $480 million, or 88 cents per share, in the third quarter ended October 28, from $608 million, or $1.06 per share, a year earlier, on higher selling and general expenses. For the quarter ending Apr-18, 9 analysts have a mean sales target of 16,334.30 million whilst for the year ending Jan-17, 26 analysts have a mean target of 69,510.70 million.
The company forecast adjusted earnings of $1.05 to $1.25 per share for the quarter ending January 2018, lmissing the Wall Street consensus of $1.24. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. equities analysts expect that Target Corporation will post 4.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 annualized dividend and a yield of 4.13%. Target Corporation's dividend payout ratio is presently 50.00%. 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.