Wellington Management Group LLP Has $1.70 Million Position in Target Corporation (TGT)

Behind Target’s Top Line Turnaround Story

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Monarch Capital Management Inc.'s holdings in Target Corporation were worth $1,588,000 at the end of the most recent reporting period.

SEACOR Holdings Inc., is engaged in the business of transportation and logistics, alcohol manufacturing, merchandising, and risk management consultancy. Pinnacle Bank purchased a new position in shares of Target Corporation during the first quarter valued at approximately $123,000. RI now owns 8,824 shares of the retailer's stock valued at $487,000 after buying an additional 32 shares in the last quarter. Reilly Financial Advisors LLC raised its position in shares of Target Corporation by 77.6% in the first quarter. ING Groep NV increased its position in Target Corporation by 114.3% in the first quarter. Bank of Montreal Can now owns 1,045,560 shares of the retailer's stock worth $57,704,000 after buying an additional 235,920 shares in the last quarter. Peoples Financial Services CORP. raised its position in shares of Target Corporation by 116.7% in the first quarter. The shares price has directed -26.41% toward a lower level throughout a year ago and swapped 4.81% toward a strong spot during past one month. Considering that the stock daily volume of 5.78 million shares, this represents a pretty noteworthy trading in volume size in recent session. The company has a 50-day moving average price of $54.34 and a 200 day moving average price of $56.22. The company has market cap of $3.54 billion.

Target Corporation (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 17th. In the last earnings report the EPS was $4.88 and is estimated to be $4.39 for the current year with 551,708,000 shares presently outstanding. Target Corporation had a return on equity of 25.17% and a net margin of 4.02%.

Revenue rose 1.6 percent to $16.43 billion, beating the $16.28 billion Street estimate. Morgan Stanley has an ownership of 6,716,718 stocks of the retailer's shares valued at $370,696,000 after scooping up an extra 107,163 stocks in the previous period. investment firms and many large funds has an ownership of 82.59% of the firms stock. The business's revenue was down 1.1% compared to the same quarter a year ago. Shareholders of record on Wednesday, August 16th will be given a $0.62 dividend.

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The beta factor of Target Corporation (TGT) is stands at 0.58. The ex-dividend date is Mon, Aug 14th. this indicates a $2.48 annual dividend and a payout of 4.45%. If you are accessing this report on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright and trademark laws. If you are reading this report on another domain, it was illegally stolen and republished in violation of worldwide copyright & trademark laws. Finally, Cowen and Company reissued a "market perform" rating and set a $64.00 price objective on shares of Target Corporation in a research report on Friday, July 14th. Vetr raised shares of Target Corporation from a "hold" rating to a "buy" rating and set a $61.86 price objective for the company in a research report on Wednesday, May 10th. OLD National Bancorp IN increased its stake in shares of Target Corporation by 13.8% in the first quarter. BidaskClub downgraded Target Corporation from a "buy" rating to a "hold" rating in a research note on Saturday. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company's stock. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $17.54 on company shares.

In associated news, executive Robert M. Harrison unloaded 2,639 stocks of the firm's shares in a trade that took place on Wed, Jul 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95.

Premier Asset Managment Llc decreased Target Corp Com (TGT) stake by 2.94% reported in 2016Q4 SEC filing. Company insiders own 0.20% of the company's stock.

In its latest turnaround bid, Target vowed this year to double the number of small-format stores, invest heavily in e-commerce, aggressively promote its products and keep grocery prices low to compete with Wal-Mart, Amazon and Kroger Co (KR.N).

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