Target Corporation (TGT) Downgraded by BidaskClub

Cornelia Mascio
Agosto 16, 2017

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Welch & Forbes LLC increased its position in Target Corporation by 0.3% in the first quarter. The institutional investor held 13,318 shares of the department and specialty retail stores company at the end of 2016Q4, valued at $962,000, down from 18,856 at the end of the previous reported quarter. The value of the total investment in Target Corporation went from $274,000 to $64,000 a change of 76.6% since the last quarter. Reilly Financial Advisors LLC raised its position in shares of Target Corporation by 77.6% in the first quarter. BlackRock has an ownership of 47,046,403 stocks of the retailer's shares valued at $2,596,495,000 after scooping up an extra 44,877,391 stocks in the previous period. Finally, Penserra Capital Management LLC increased its position in shares of Target Corporation by 9.5% in the first quarter. Prudential Financial Inc. now owns 2,634,644 shares of the retailer's stock valued at $145,406,000 after buying an additional 66,690 shares during the last quarter. Peoples Financial Services CORP. raised its position in shares of Target Corporation by 116.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 14,231 shares of the retailer's stock valued at $734,000 after buying an additional 94 shares in the last quarter.

Shares of Target Corporation (NYSE:TGT) traded down 2.58% on Tuesday, reaching $54.35. 1,809,788 shares of the company were exchanged. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The firm has a market capitalization of $29.99 billion, a P/E ratio of 11.14 and a beta of 0.61. The 50 day SMA of the stock is of $54.26 and a two hundred SMA of $56.29.

Target Corporation (NYSE:TGT) last announced its earnings results on Wednesday, May 17th. They expect $1.21 EPS, down 1.63% or $0.02 from last year's $1.23 per share. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. The firm had revenue of $16.02 billion for the quarter, compared to the consensus estimate of $15.63 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. The company's revenue was down 1.1% on a year-over-year basis. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $17.54 on company shares. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.62 per share. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: "Target Will Beat Earnings" published on August 13, 2017 as well as Valuewalk.com's news article titled: "Target Corporation Q2 2017 Earnings Preview: E-Commerce, Food In Focus" with publication date: August 15, 2017. Welch & Forbes LLC raised its position in shares of Target Corporation by 0.3% in the first quarter. This represents a $2.48 dividend on an annualized basis and a yield of 4.45%. Target Corporation's dividend payout ratio is now 48.98%. If you are reading this piece of content on another site, it was stolen and republished in violation of USA & global trademark and copyright law. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/08/15/rdl-financial-inc-has-1-33-million-position-in-target-corporation-nysetgt-updated.html. Analysts reported their respective ratings recommendation for TGT. Vetr lowered shares of Target Corporation from a buy rating to a hold rating and set a $59.66 price objective on the stock.in a report on Monday, June 12th. UBS maintained Target Corporation (NYSE:TGT) rating on Thursday, November 19. Jefferies Group LLC restated a "hold" rating and issued a $59.00 price objective on shares of Target Corporation in a report on Tuesday, June 20th. Buckingham Research reissued a "buy" rating and set a $71.00 price target on shares of Target Corporation in a research note on Wednesday, April 19th. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company's stock.

In related news, insider Robert M. Harrison sold 2,639 shares of the firm's stock in a transaction dated Wednesday, July 5th. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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