Target Corporation (TGT) Shares Bought by First Quadrant LP CA

Cornelia Mascio
Novembre 15, 2017

TN purchased a new stake in shares of Target Corporation in the second quarter valued at approximately $234,000.

Several large investors have recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC purchased a new position in shares of Target Corporation during the third quarter valued at approximately $554,000. Fiera Capital Corp now owns 4,888 shares of the retailer's stock valued at $256,000 after buying an additional 19 shares in the last quarter. GA ADV boosted its holdings in shares of Target Corporation by 0.8% in the 2nd quarter. 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. Sandy Spring Bank boosted its holdings in shares of Target Corporation by 6.7% 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 Corporation's revenue for the quarter was up 1.6% on a year-over-year basis. equities research analysts anticipate that Target Corporation will post 4.51 EPS for the current year. GA ADV now owns 9,847 shares of the retailer's stock valued at $515,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a legal filing with the SEC, which is accessible 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).

Other analysts have also issued reports about the company. Gordon Haskett raised shares of Target Corporation from a sell rating to a hold rating and upped their price target for the company from $47.00 to $58.00 in a research note on Wednesday, August 16th. Zacks Investment Research lowered Target Corporation from a "buy" rating to a "hold" rating in a research note on Monday, October 23rd. BMO Capital Markets reissued a "market weight" rating on shares of Target Corporation in a research note on Thursday, September 14th. MKM Partners assumed coverage on Target Corporation in a research report on Wednesday, October 18th. The company presently has an average rating of "Hold" and an average price target of $64.06. 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.

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Shares of Target Corporation (TGT) traded down $1.00 during trading on Tuesday, reaching $60.40. 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 12-month low of $48.56 and a 12-month high of $79.33. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.26. (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 16th. The retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21.

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 Corp. had a return on equity of 25.18% and a net margin of 4.75%. The business's quarterly revenue was up 1.6% compared to the same quarter past year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, February 13th. Target Corporation's payout ratio is 50.00%. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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