Target Corp. (TGT) hit his 1-Year Low price on 04/05/17

As of quarter end Piedmont Investment Advisors LLC had sold 14,790 shares trimming its position 7.5%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dodge & Cox purchased a new stake in shares of Target Corporation during the fourth quarter worth about $788,237,000. Reilly Financial Advisors LLC raised its stake in shares of Target Corporation by 77.6% in the first quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer's stock valued at $110,000 after buying an additional 250 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Target Corporation by 11.6% in the first quarter. Company chares are trading at $49.91 barely below $55.91, the 50 day moving average and a tad below the 200 day moving average of $62.06. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures. Target Corporation also was the target of some unusual options trading on Friday. Moreover, Roosevelt Investment Group Inc has 0.02% invested in the company for 8,235 shares. This represents an increase of 262% compared to the average volume of 1,363 call options. Telsey Advisory Group maintained Target Corporation (NYSE:TGT) rating on Wednesday, January 18. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 1.05 earnings per share. Target had a net margin of 4.75% and a return on equity of 25.18%. The firm had revenue of $16.02 billion during the quarter, compared to the consensus estimate of $15.63 billion. Target's gross margin shrank 40 basis points to 30.5%, and traffic fell almost 1% in the quarter, which contained volatile week-to-week trends, according to the company. The business's revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts predict that Target Corporation will post $4.24 earnings per share for the current year.

The company also declared a dividend for shareholders that was paid on Sat Jun 10, 2017. The dividend is payable September 10, 2017 to shareholders of record at the close of business August 16, 2016. Welch & Forbes LLC boosted its stake in Target by 0.3% in the first quarter. The ex-dividend date is Monday, August 14th. Target Corporation's payout ratio is 48.98%.

COPYRIGHT VIOLATION WARNING: "Target Corporation (TGT) Shares Gap Up After Earnings Beat" was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & global trademark and copyright legislation. The correct version of this piece can be read at https://transcriptdaily.com/2017/06/16/target-co-tgt-rating-reiterated-by-jefferies-group-llc-updated-updated.html. The average 1-year price target for Target Corporation (TGT) reveals an average price target of $58.78 per share. Instinet decreased their price target on shares of Target Corporation to $60.00 in a report on Wednesday, March 1st. ValuEngine lowered shares of Target Corporation from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Buckingham Research reaffirmed a "buy" rating and set a $71.00 price target on shares of Target Corporation in a research note on Wednesday, April 19th.

Among 21 analysts covering Target Corporation (NYSE:TGT), 5 have Buy rating, 4 Sell and 12 Hold. As per Thursday, August 18, the company rating was maintained by Goldman Sachs. They presently have a $59.00 price target on the retailer's stock, up from their prior price target of $56.00.

Zevin Asset Management Llc sold 133,290 shares as Target Corporation (TGT)'s stock declined 14.90%.