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.
Man Fatally Shoots His Mother After Broken Video Game Headset Dispute
He blamed his mother for this, police said, and threatened to kill her and his father, identified by Fox 40 as Loren Nicolson. Officers found Nicholson's 68-year-old mother, Lydia Nicholson, inside with a head wound.
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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Wells set aside $3.25 billion in legal costs relating to litigation and investigations - and doesn't see an end in sight. Earnings Per Share, after the charge, came in at an adjusted $1.76 vs. $1.69 expected by experts.
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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Following the sale, the chief executive officer now directly owns 492,434 shares of the company's stock, valued at $10,675,969.12. The firm owned 1,720,900 shares of the Wireless communications provider's stock after selling 14,158 shares during the period.