Economy

Carlson Capital Management Acquires 69 Shares of Target Co. (NYSE:TGT)

(NYSE:TGT) by 19.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Davidson Investment Advisors now owns 2,559 shares of the retailer's stock worth $141,000 after purchasing an additional 400 shares during the period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cascade Investment Advisors Inc. raised its position in shares of Target Corporation by 23.7% during the first quarter. Chickasaw Capital Management LLC now owns 9,400 shares of the retailer's stock worth $519,000 after buying an additional 3,900 shares during the last quarter.

Archford Capital Strategies Llc, which manages about $349.45 million and $237.18 million US Long portfolio, upped its stake in Texas Instruments Inc (NASDAQ:TXN) by 11,052 shares to 26,257 shares, valued at $1.91 million in 2016Q4, according to the filing. ING Groep NV now owns 7,632 shares of the retailer's stock valued at $421,000 after buying an additional 4,071 shares during the period. Honeywell International Inc. boosted its stake in Target by 44.8% during the 1st quarter. WealthTrust Fairport LLC now owns 5,958 shares of the retailer's stock worth $329,000 after acquiring an additional 55 shares during the period. Penserra Capital Management has an ownership of 2,346 stocks of the retailer's shares valued $129,000 following purchasing an extra 204 shares through out the quarter. Finally, Carlson Capital Management boosted its stake in shares of Target by 0.9% in the second quarter. They gave a "sell" recommendation and a $47.00 target price for The corporation. crowd sourced stock rating company Vetr cut recipient Corporation from a "buy" recommendation to a "hold" recommendation and fixed a $59.51 target price for The corporation.in a study report on early Tue, May 9th.

Several analysts have released their opinion on Target Corporation (NYSE:TGT), with 3 analysts believing it is a strong buy. Stifel Nicolaus restated a "hold" rating and issued a $60.00 target price (up from $58.00) on shares of Target in a report on Friday, August 18th. Goldman Sachs maintained Target Corporation (NYSE:TGT) rating on Thursday, August 18.

Among 3 analysts covering Vectrus Inc (NYSE:VEC), 2 have Buy rating, 0 Sell and 1 Hold. The stock of Target Corporation (NYSE:TGT) has "Market Perform" rating given on Monday, September 12 by Cowen & Co.

Insider Trades for Target Corp. show that the latest trade was made on 21 Aug 2017 where Liu (Don H), the Officer completed a transaction type "Sell" in which 4927 shares were traded at a price of $56.58. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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Target Co. has a 1-year low of $48.56 and a 1-year high of $79.33. Latest closing price was 3.36% above its 50-day moving average and -7.08% below its 200-day moving average. Archford Capital Strategies Llc who had been investing in Target Corp Com for a number of months, seems to be less bullish one the $32.54B market cap company.

Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 16th. Target had a return on equity of 24.34% and a net margin of 4.08%. The business had revenue of $16.43 billion for the quarter, compared to analysts' expectations of $16.30 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. Target's revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Target Co. will post $4.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. The firm has "Hold" rating given on Wednesday, August 16 by Gordon Haskett. The stock has "Hold" rating by Deutsche Bank on Monday, August 17. This is a boost from Target's previous quarterly dividend of $0.60. The ex-dividend date is Mon, Aug 14th. this indicates a $2.48 annual dividend and a payout of 4.32%.

For the Current Quarter, the growth estimate for Target Corp.is -17.3%, while for the Next Quarter the stock growth estimate is -15.2%.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels.



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