Finally, TrueNorth Inc. bought a new stake in Target Corp. during the third quarter worth about $1,030,000. The firm now has $67.50 target price on the retailer's stock. Parallel Advisors LLC now owns 2,072 shares of the retailer's stock valued at $117,000 after buying an additional 399 shares in the last quarter. Finally, Dodge & Cox boosted its holdings in shares of Target Corporation by 83.3% during the second quarter. The fund owned 350,881 shares of the retailer's stock after purchasing an additional 9,201 shares during the period. BlackRock Inc. boosted its holdings in shares of Target Corporation by 2,069.0% during the first quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer's stock worth $145,000 after purchasing an additional 445 shares during the period. Gamble Jones Investment Counsel boosted its holdings in shares of Target Corporation by 0.4% in 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 period. Investment Counsel ADV boosted its holdings in shares of Target Corporation by 4.7% in the 2nd quarter.
In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company's stock.
Other analysts have also issued reports about the company. BidaskClub upgraded Target Corporation from a "sell" rating to a "hold" rating in a report on Monday, July 31st. Brean Capital reissued a "buy" rating and set a $28.00 price target on shares of Target Corp.in a research note on Saturday, October 8th. MKM Partners assumed coverage on Target Corporation in a research report on Wednesday, October 18th. They set a "buy" rating and a $85.00 target price for the company. Gordon Haskett raised Target Corporation from a "sell" rating to a "hold" rating and upped their price target for the stock from $47.00 to $58.00 in a research report on Wednesday, August 16th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. If you are viewing this story on another site, it was copied illegally and republished in violation of USA and global trademark & copyright legislation. 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.
Shares of Target Corporation (NYSE TGT) traded down $1.00 during trading hours on Monday, hitting $60.40. 6,608,700 shares of the company were exchanged, compared to its average volume of 7,166,543. 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 has a 1-year low of $48.56 and a 1-year high of $79.33.
Now insiders hold 2,360,453 shares in the business which makes up 0.43% of shares.
Target Corporation (NYSE:TGT) last issued its earnings results on Wednesday, August 16th.
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 business had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The company's revenue was up 1.6% compared to the same quarter previous year. 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 company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.60 per share. This represents a $2.48 annualized dividend and a yield of 4.13%. The ex-dividend date is Tuesday, November 14th. Target Corporation's dividend payout ratio is now 50.00%.
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.