The Target (TGT) Receiving Somewhat Favorable Media Coverage, Study Finds

Legal & General Group Plc grew its holdings in Target Co. The institutional investor owned 14,894 shares of the retailer's stock after selling 1,860 shares during the quarter.

Several other hedge funds have also made changes to their positions in TGT. BlackRock Inc. grew its holdings in shares of Target by 2,069.0% during the 1st quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer's stock valued at $2,795,000 after purchasing an additional 2,285 shares in the last quarter. Gamble Jones Investment Counsel grew its stake in Target by 0.4% in the second quarter. Following the completion of the acquisition, the director now directly owns 16,431 shares of the company's stock, valued at $901,404.66. Carlson Capital Management grew its stake in Target by 0.9% in the second quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer's stock worth $1,103,994,000 after acquiring an additional 1,686,774 shares during the period. GA ADV now owns 9,847 shares of the retailer's stock valued at $515,000 after acquiring an additional 74 shares during the period. Carnick & Kubik Group LLC acquired a new position in shares of Target in the 3rd quarter valued at approximately $554,000. WealthTrust Fairport LLC now owns 6,051 shares of the retailer's stock worth $316,000 after buying an additional 93 shares during the period.

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In other Target news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated Friday, September 15th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. Moffett Nathanson began coverage on Target in a research note on Monday. They set a "sell" rating and a $47.00 price objective for the company. Zacks Investment Research upgraded shares of Target from a "sell" rating to a "hold" rating in a research note on Monday, May 15th. Jefferies Group reissued a "hold" rating on shares of Target in a research report on Friday, August 25th. MKM Partners initiated coverage on Target in a report on Wednesday, October 18th. They issued a "market perform" rating and a $62.00 target price on the stock. The company presently has an average rating of "Hold" and an average price target of $63.25. The correct version of this story can be accessed at (TGT) traded down $1.48 during midday trading on Thursday, reaching $60.72. Target Corporation (TGT) maintained activity of 7.13 million shares that trade hands on average basis while its relative volume is 0.77. The company has a market cap of $33,810.22, a P/E ratio of 12.96, a P/E/G ratio of 7.69 and a beta of 0.64. Total debt to equity ratio of the company for most recent quarter is 1.13 while Long term debt to equity ratio for same time period is 1.01. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. The shares price go down so far this year; showing a decline of -15.94% and dropped with negative flow of -1.56% during recent week. Boston Private Wealth LLC raised its position in shares of Target by 4.5% in the 2nd quarter.

The firm 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 of this dividend is Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.08%. Currently Target Corporation (NYSE:TGT)'s shares owned by insiders are 0.12%, whereas shares owned by institutional owners are 90.00%.

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Media headlines about Target (NYSE:TGT) have been trending somewhat positive this week, AlphaOne Sentiment reports.

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