Economy

CAPROCK Group Inc. Purchases New Position in Target Corporation (TGT)

Target Corporation (NYSE:TGT) has 20 days moving average price of -0.62% from last close price of 59.90 and act as support or resistance of price limit.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 5.16%, and has a solid year to date (YTD) performance of -17.07% which means that the stock is constantly adding to its value from the previous fiscal year end price.

Several other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Target Corporation by 8.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,307,951 shares of the retailer's stock worth $568,896,000 after purchasing an additional 1,279,077 shares during the period. Penserra Capital Management LLC increased its stake in shares of Target Corporation by 9.5% during the first quarter. Davidson Investment Advisors increased its stake in shares of Target Corporation by 18.5% during the first quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer's stock worth $553,000 after acquiring an additional 44 shares in the last quarter. Dodge & Cox raised its position in Target Corporation by 83.3% during the second quarter. The fund owned 430,255 shares of the retailer's stock after selling 2,953 shares during the period. 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.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction on Friday, September 15th. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 86.6 Percent.

A number of research firms have recently commented on TGT. Vetr upgraded Target Corporation from a "hold" rating to a "buy" rating and set a $59.67 target price for the company in a research report on Monday, August 14th. Stifel Nicolaus maintained it with "Hold" rating and $60.0 target in Wednesday, October 18 report. Nomura set a $75.00 price target on Target Corp. and gave the company a "hold" rating in a research note on Thursday, August 18th. Out of 18 total analysts who were surveyed, 3 rated it a Strong Sell, 12 rated it hold, and 3 rated it a Strong Buy. The stock presently has a consensus rating of "Hold" and an average target price of $63.68.

Target Corporation (NYSE TGT) opened at $59.90 on Friday. The company has a market capitalization of $32,300.00, a PE ratio of 11.74, a P/E/G ratio of 2.74 and a beta of 0.63. Target Corporation has $92 highest and $4.45 lowest target.

Target Corp. (NYSE:TGT) reported its EPS in the last quarter as $1.23/Share beating the analyst estimate of $1.19/Share by a difference of $0.04. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business had revenue of $16.44 billion for the quarter, compared to analysts' expectations of $16.30 billion. During the same period a year ago, the firm posted $0.86 earnings per share. Target Corporation had 67 analyst reports since July 21, 2015 according to SRatingsIntel. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.14%. More interesting news about Target Corporation (NYSE:TGT) were released by: Businesswire.com and their article: "Target Corporation Announces Tender Offers for Any and All of Certain ..." published on October 16, 2017 as well as Seekingalpha.com's news article titled: "Target: Playing The Reversal" with publication date: October 17, 2017. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & worldwide copyright and trademark legislation. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of US & worldwide trademark & copyright legislation.

Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores.



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