Tudor Investment Corp ET AL cut its position in shares of Target Corporation (NYSE:TGT) by 74.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,849 shares of the retailer’s stock after selling 23,272 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Target Corporation were worth $410,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiera Capital Corp grew its holdings in shares of Target Corporation by 0.4% during the second quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after buying an additional 19 shares in the last quarter. Compton Capital Management Inc. RI grew its holdings in shares of Target Corporation by 0.4% during the first quarter. Compton Capital Management Inc. RI now owns 8,824 shares of the retailer’s stock worth $487,000 after buying an additional 32 shares in the last quarter. Gamble Jones Investment Counsel grew its holdings in shares of Target Corporation by 0.4% during the second quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock worth $553,000 after buying an additional 44 shares in the last quarter. Carlson Capital Management grew its holdings in shares of Target Corporation by 0.9% during the second quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock worth $421,000 after buying an additional 69 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Target Corporation by 0.8% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,847 shares of the retailer’s stock worth $515,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 83.23% of the company’s stock.
Target Corporation (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a $0.62 dividend. The ex-dividend date of this dividend 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 is currently 50.00%.
A number of equities research analysts have recently commented on the stock. Vetr downgraded shares of Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price target for the company. in a report on Thursday, July 20th. UBS AG reiterated a “neutral” rating and set a $56.00 price target (down from $60.00) on shares of Target Corporation in a report on Tuesday, June 20th. BMO Capital Markets reiterated a “market perform” rating and set a $67.00 price target (up from $62.00) on shares of Target Corporation in a report on Friday, August 18th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price target (up from $58.00) on shares of Target Corporation in a report on Friday, August 18th. Finally, Citigroup Inc. downgraded shares of Target Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $51.00 to $56.00 in a report on Wednesday, June 21st. Five investment 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. Target Corporation currently has a consensus rating of “Hold” and an average target price of $63.08.
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In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.
Target Corporation Profile
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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