Economy

Advisor Group Inc. Has $4.91 Million Holdings in Target Corporation (TGT)

Park National Corp /oh/ isn't the only one who has changed their investment in TGT. They issued a "sell" rating and a $47.00 target price on the stock. Stifel Nicolaus reiterated a "hold" rating and issued a $60.00 price target (up previously from $58.00) on shares of Target Corporation in a research report on Friday, August 18th. TheStreet cut Target from a "b-" rating to a "c+" rating in a research note on Monday, March 27th. Jefferies Group LLC restated a "hold" rating on shares of Target Corporation in a research note on Friday, August 25th.

On August 18 BMO Capital made no change to the company rating of "Market Perform" and lowered the price target from $87.00 to $67.00. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The company now has a consensus rating of "Hold" and an average target price of $61.62.

The market experts are predicting a 31.89% rally, based on the high target price ($77) for Target Corporation shares that is likely to be hit in the 52 weeks. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer's stock valued at $145,000 after acquiring an additional 445 shares during the last quarter. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The firm has a market cap of $31.89 billion, a PE ratio of 11.80 and a beta of 0.62. In order to determine directional movement, the 50-day and 200-day moving averages for Okta, Inc.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, February 28th. The retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.03. The business had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. On average, equities research analysts expect that Target Corporation will post $4.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, May 17th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.25%. Analysts believe that we could see stock price minimum in the $27 range (lowest target price), allowing for another -2.7% drop from its current position. 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The value of the investment in (TGT) increased from $10,000 to $875,000 increasing 8,650.0% for the reporting period. Following the completion of the acquisition, the director now owns 16,431 shares in the company, valued at $901,404.66. Corporate insiders own 0.25% of the company's stock.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. For the quarter, shares have been noted at 17.29%. The firm owned 101,862 shares of the retailer's stock after buying an additional 5,476 shares during the quarter. Fiera Capital Corp boosted its stake in shares of Target Corporation by 0.4% during the 2nd quarter. NorthRock Partners LLC now owns 86,144 shares of the retailer's stock valued at $5,083,000 after buying an additional 81,216 shares during the last quarter. Gould Asset Management LLC CA raised its position in shares of Target by 0.3% in the fourth quarter.

As of the end of the quarter Fulton Bank, N.a. had acquired 8 shares growing its position 7.6%. Balentine LLC raised its position in shares of Target by 1.0% in the third quarter. Dodge & Cox now owns 20,025,223 shares of the retailer's stock valued at $1,047,119,000 after buying an additional 9,102,526 shares during the last quarter. Finally, Compton Capital Management Inc. Share performance for the month is now at 0.62%. Finally, Investors Asset Management of Georgia Inc. Davidson Investment Advisors now owns 2,559 shares of the retailer's stock valued at $141,000 after acquiring an additional 400 shares during the last quarter. The number of shares now owned by investors are 549.3 mln.

Target Corporation offers everyday essentials and merchandise to its customers.

The Company sells a range of general merchandise and food through its store and digital channels.



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