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: and their article: "Target Will Beat Earnings" published on August 13, 2017 as well as'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 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 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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