W.E. Donoghue & Co. LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 25.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,578 shares of the retailer’s stock after selling 54,167 shares during the quarter. W.E. Donoghue & Co. LLC’s holdings in Target were worth $13,635,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sun Life Financial INC boosted its position in Target by 739.5% during the second quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock worth $110,000 after purchasing an additional 1,272 shares in the last quarter. CSat Investment Advisory L.P. purchased a new stake in Target during the second quarter worth $114,000. Duncker Streett & Co. Inc. boosted its position in Target by 1,435.0% during the second quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock worth $117,000 after purchasing an additional 1,435 shares in the last quarter. ELM Advisors LLC purchased a new stake in Target during the third quarter worth $141,000. Finally, Squar Milner Financial Services LLC purchased a new stake in Target during the second quarter worth $129,000. Institutional investors own 83.90% of the company’s stock.
A number of analysts have commented on the company. MKM Partners set a $91.00 target price on Target and gave the stock a “buy” rating in a research report on Friday, June 29th. Wolfe Research downgraded Target from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 23rd. Loop Capital set a $102.00 target price on Target and gave the stock a “hold” rating in a research report on Friday, August 17th. Telsey Advisory Group upgraded Target from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $80.00 to $100.00 in a research report on Thursday, August 23rd. Finally, Citigroup boosted their target price on Target from $76.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, August 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.68.
Target (NYSE:TGT) last released its earnings results on Wednesday, August 22nd. The retailer reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The firm had revenue of $17.78 billion during the quarter, compared to analyst estimates of $17.33 billion. Target had a return on equity of 24.29% and a net margin of 4.19%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, equities analysts predict that Target Co. will post 5.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.56 annualized dividend and a yield of 3.12%. Target’s dividend payout ratio is presently 54.35%.
In other Target news, insider Stephanie A. Lundquist sold 2,100 shares of the company’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total transaction of $180,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Janna A. Potts sold 15,172 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $88.00, for a total value of $1,335,136.00. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.
Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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