Shelton Capital Management increased its holdings in shares of Target Co. (NYSE:TGT) by 5.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 52,224 shares of the retailer’s stock after purchasing an additional 2,553 shares during the period. Shelton Capital Management’s holdings in Target were worth $3,082,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fiera Capital Corp raised its holdings in Target by 0.4% in the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock valued at $256,000 after acquiring an additional 19 shares in the last quarter. Gamble Jones Investment Counsel raised its holdings in Target by 0.4% in the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer’s stock valued at $553,000 after acquiring an additional 44 shares in the last quarter. Carlson Capital Management raised its holdings in Target by 0.9% in the 2nd quarter. Carlson Capital Management now owns 8,060 shares of the retailer’s stock valued at $421,000 after acquiring an additional 69 shares in the last quarter. WealthTrust Fairport LLC raised its holdings in Target by 1.6% in the 2nd quarter. WealthTrust Fairport LLC now owns 6,051 shares of the retailer’s stock valued at $316,000 after acquiring an additional 93 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in Target by 1.6% in the 2nd quarter. Private Trust Co. NA now owns 6,167 shares of the retailer’s stock valued at $322,000 after acquiring an additional 97 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein set a $65.00 price objective on Target and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price objective (up from $58.00) on shares of Target in a research note on Friday, August 18th. MKM Partners set a $77.00 price objective on Target and gave the company a “buy” rating in a research note on Thursday. TheStreet upgraded Target from a “c+” rating to a “b” rating in a research note on Thursday, September 28th. Finally, Vetr lowered Target from a “buy” rating to a “hold” rating and set a $57.89 price objective on the stock. in a research note on Thursday, August 17th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $62.42.
Shares of Target Co. (NYSE TGT) traded down $0.73 on Friday, reaching $61.94. The company’s stock had a trading volume of 6,332,000 shares, compared to its average volume of 7,376,454. The company has a market cap of $34,065.70, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 7.75 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target Co. has a 52-week low of $48.56 and a 52-week high of $78.37.
Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The firm had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. equities analysts forecast that Target Co. will post 4.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.00%. Target’s payout ratio is 51.88%.
Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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