Target Corporation (TGT) Upgraded to Buy at Vetr Inc

Target Corporation - TGT - Stock Price Today - Zacks

Target Corporation - TGT - Stock Price Today - Zacks

The firm now has $67.50 target price on the retailer's stock.

Several other large investors have also added to or reduced their stakes in TGT. Carlson Capital Management boosted its holdings in shares of Target Corporation by 0.9% in the 2nd 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 during the period. Finally, Dodge & Cox boosted its holdings in shares of Target Corporation by 83.3% during the second quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer's stock valued at $141,000 after buying an additional 400 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Target Corporation by 2,069.0% during the first quarter. Carlson Capital Management now owns 8,060 shares of the retailer's stock valued at $421,000 after buying an additional 69 shares in the last quarter. Palisade Asset Management LLC's holdings in Target Corporation were worth $11,605,000 at the end of the most recent quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer's stock worth $1,103,994,000 after purchasing an additional 1,686,774 shares during the period. Dodge & Cox now owns 20,025,223 shares of the retailer's stock worth $1,047,119,000 after purchasing an additional 9,102,526 shares during the period. Insiders own 0.20% of the company's stock.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $75.45, for a total transaction of $298,555.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The biggest holder now is Mr. Gregg W. Steinhafel who owns 174,323 shares (0.03% of those outstanding), whilst Mr. Douglas A. Scovanner holds 118,988 (0.02% of shares outstanding) and Brian C. Cornell holds 118,856 (0.02% of shares outstanding).

TGT has been the subject of a number of recent research reports.

Vetr upgraded shares of Target Corporation (NYSE:TGT) from a hold rating to a buy rating in a research report report published on Monday. MKM Partners assumed coverage on Target Corporation in a research report on Wednesday, October 18th. The company now has a consensus rating of "Hold" and an average price target of $64.06. Finally, BidaskClub raised Target Corporation from a "sell" rating to a "hold" rating in a research report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company.

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Shares of Target Corporation (TGT) traded down $1.00 during trading on Tuesday, reaching $60.40. 6,608,700 shares of the company were exchanged, compared to its average volume of 7,166,543. The stock has a market capitalization of $33,538.63, a P/E ratio of 12.45, a P/E/G ratio of 2.90 and a beta of 0.63. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33. The company has a current ratio of 0.91, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The business had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The business's quarterly revenue was up 1.6% compared to the same quarter a year ago.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Tuesday, November 14th.

The biggest institutional shareholders in Target Corporation include State Street Corp which owns 52 million shares in the company valued at $2.72 B million.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.