Target Corporation (TGT) on Focus After Crashing In Today's Session

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC boosted its position in shares of Target Corporation by 114.2% in the first quarter. Linscomb & Williams Inc. now owns 3,274 shares of the retailer's stock valued at $236,000 after buying an additional 24 shares during the period. OLD National Bancorp IN boosted its position in Target Corporation by 13.8% in the first quarter. The Tctc Holdings Llc holds 61,532 shares with $4.44M value, down from 80,082 last quarter. Reilly Financial Advisors LLC increased its position in Target Corporation by 77.6% in the first quarter. Norges Bank purchased a new stake in shares of Target Corporation during the fourth quarter worth about $460,220,000. Bank of New York Mellon Corp now owns 9,555,703 shares of the retailer's stock worth $527,380,000 after buying an additional 996,689 shares during the last quarter. Reilly Financial Advisors LLC now owns 2,000 shares of the retailer's stock valued at $110,000 after buying an additional 874 shares in the last quarter.

Target Corporation (NYSE:TGT)'s market cap, the total dollar value of all of their outstanding shares, is 30636.10m.

In the market the company is trading down by -10.01% since yesterday's close of $55.46. The company has a market capitalization of $29.03 billion, a price-to-earnings ratio of 10.78 and a beta of 0.58. There are brokerage firms with lower targets than the average, including one setting a price target of $48. Including today's unusual volume, Target Corporation's stock is performing at -23.22% on the year. This is an increase of 262% compared to the typical volume of 1,363 call options. Goldman Sachs downgraded the stock to "Sell" rating in Thursday, January 19 report. The retailer reported $1.21 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.91 by $0.30. The firm had revenue of $16.02 billion during the quarter, compared to analysts' expectations of $15.63 billion. Target Corporation had a net margin of 4.02% and a return on equity of 25.17%. During the same quarter in the prior year, the firm posted $1.29 EPS.

As of the end of the quarter Hm Payson & Co had sold a total of 220 shares trimming its holdings by 1.7%. Vetr upgraded shares of Target Corporation from a "hold" rating to a "buy" rating and set a $59.66 price objective on the stock in a report on Monday.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. The dividend is payable September 10, 2017 to shareholders of record at the close of business August 16, 2016.

Target Corp. (TGT) closed its previous trading session at $55.46 with the loss of -4.15%.

Smith Asset Management Group Lp, which manages about $2.91 billion and $3.42B US Long portfolio, decreased its stake in Childrens Place Inc (NASDAQ:PLCE) by 4,285 shares to 38,134 shares, valued at $3.85 million in 2016Q4, according to the filing. The ex-dividend date is Monday, August 14th. Target Corporation's dividend payout ratio (DPR) is presently 48.98%.

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Several equities analysts have recently issued reports on TGT shares.

Among 21 analysts covering Target Corporation (NYSE:TGT), 5 have Buy rating, 4 Sell and 12 Hold. The stock has "Neutral" rating by M Partners on Thursday, February 25. Instinet dropped their price target on Target Corporation to $60.00 in a report on Wednesday, March 1st. The value of the investment in Target Corporation Common Stock went from $274,000 to $64,000 decreasing 76.6% for the reporting period.

Target Corporation is a general merchandise retailer selling products through its stores and digital channels.

  • Zachary Reyes