Several large investors have recently added to or reduced their stakes in the company. Carlson Capital Management boosted its holdings in shares of Target Corporation by 0.9% in the 2nd quarter. 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. CAPROCK Group Inc. purchased a new stake in shares of Target Corporation in the third quarter valued at approximately $832,000. Davidson Investment Advisors now owns 2,559 shares of the retailer's stock valued at $141,000 after buying an additional 400 shares in the last quarter. Kistler Tiffany Companies LLC boosted its holdings in shares of Target Corporation by 19.1% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer's stock worth $155,000 after purchasing an additional 185 shares during the period. Target Corp. Target Corp.'s revenue was down 6.7% compared to the same quarter previous year. 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. Insiders own 0.20% of the company's stock.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the firm's stock in a transaction dated Friday, September 15th. The sale was disclosed in a legal filing with the SEC, which is available through this link. The biggest holder now is Mr. Gregg W. Steinhafel who owns 174,323 shares (0.03% of those outstanding), whilst Mr. Douglas A. Scovanner holds 118,988 (0.02% of shares outstanding) and Brian C. Cornell holds 118,856 (0.02% of shares outstanding).
Analysts await Target Corporation (NASDAQ:TGT) to report earnings on Nov, 15 for the fiscal quarter ending Oct 2017. Vetr raised shares of Target Corporation from a "hold" rating to a "buy" rating and set a $59.67 target price for the company in a research report on Monday, August 14th. The company presently has a consensus rating of "Hold" and a consensus price target of $74.25. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $60.00 price target (up previously from $58.00) on shares of Target Corporation in a research note on Friday, August 18th.
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Palisade Asset Management LLC raised its holdings in shares of Target Corporation (NYSE:TGT) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 6,608,700 shares of the company were exchanged, compared to its average volume of 7,166,543. The firm has a market capitalization of $33,538.63, a PE ratio of 12.45, a PEG ratio of 2.90 and a beta of 0.63. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. The retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03.
The department store operator forecast adjusted earnings of $1.05 to $1.25 per share for the quarter ending January 2018, largely below the average analyst estimate of $1.24. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. During the same period a year ago, the firm posted $0.86 earnings per share. During the same quarter in the prior year, the business earned $1.23 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, February 13th.
The biggest institutional shareholders in Target Corporation include State Street Corp which owns 52 million shares in the company valued at $2.72 B million. The Company sells a range of general merchandise and food through its store and digital channels.
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