A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MKM Partners set a $77.00 price objective on Target and gave the stock a buy rating in a research report on Thursday, December 14th. Baird now has a $70.00 price target on the retailer's stock. UBS maintained Target Corporation (NYSE:TGT) on Monday, June 19 with "Hold" rating. Telsey Advisory Group maintained the shares of TGT in report on Thursday, November 17 with "Outperform" rating. Finally, Wells Fargo & Co assumed coverage on Target in a report on Friday, November 3rd. On Thursday, November 16 the stock rating was maintained by Morgan Stanley with "Underweight". Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The rating was upgraded by Vetr to "Strong-Buy" on Wednesday, September 2.
The stock increased 2.30% or $1.59 during the last trading session, reaching $70.73. Target Corp. (NYSE:TGT) has a 20-Day average volume of 7.33 Million. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The Stock has its 52-week High of $72.08 and 52-Week Low of $48.56 and it touched its 52-week high on 01/17/17 and 52-Week Low on 06/16/17. The stock has a market capitalization of $40,090.00, a price-to-earnings ratio of 15.55, a P/E/G ratio of 8.18 and a beta of 0.63.
The stock of Target Corporation (NYSE:TGT) earned "Hold" rating by BMO Capital Markets on Wednesday, August 26. After $0.91 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 30.77% EPS growth. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. The firm's revenue was up 1.4% compared to the same quarter previous year. During the same quarter in the prior year, the company earned $1.04 earnings per share. equities analysts expect that Target Co. will post 4.57 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be issued a $0.62 dividend. The ex-dividend date is Monday, February 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.35%. Target Corporation's payout ratio is 42.93%. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Reaves W H & Company Inc bought 1.00 million shares as the company's stock rose 6.28% with the market.
A number of institutional investors have recently added to or reduced their stakes in TGT. Country Club Trust Company n.a.'s holdings in Target were worth $10,131,000 as of its most recent filing with the SEC. 12,185,899 shares of the company traded hands, compared to its average volume of 9,613,375. Dodge & Cox now owns 20,025,223 shares of the retailer's stock valued at $1,047,119,000 after acquiring an additional 9,102,526 shares during the period. Atria Investments LLC increased its stake in shares of Target by 115.7% in the 2nd quarter. Franklin Resources Inc. grew its position in Target by 8.7% during the second quarter.
M Holdings Securities Inc, which manages about $733.83M and $316.99 million US Long portfolio, decreased its stake in Vanguard World Fds Financials Etf (VFH) by 27,760 shares to 6,365 shares, valued at $416,000 in 2017Q3, according to the filing.
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Freestone Capital Holdings Llc, which manages about $1.41B US Long portfolio, upped its stake in Vanguard Index Fds (VB) by 9,752 shares to 15,640 shares, valued at $2.21 million in 2017Q3, according to the filing. About 7.42M shares traded.
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Target Corporation operates as a general merchandise retailer. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.
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Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. It is negative, as 53 investors sold FB shares while 618 reduced holdings. 63 funds opened positions while 214 raised stakes.