Jennison Associates LLC Reduces Position in Target Corporation (TGT)

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12 September, 2017

Institutional investors and hedge funds own 88.53% of the company's stock. Penserra Capital Management has an ownership of 2,346 stocks of the retailer's shares valued at $129,000 after scooping up an extra 204 shares through out the previous quarter, Davidson Investment Advisors upped its stake in recipient Corporation by 18.5% in the 1st period. Compton Capital Management Inc. Kistler Tiffany Companies LLC raised its position in Target Corporation by 19.1% during the second quarter. Gamble Jones Investment Counsel raised its holdings in shares of Target Corporation by 0.4% during the 2nd quarter. Gamble Jones Investment Counsel now owns 10,570 shares of the retailer's stock valued at $553,000 after purchasing an additional 44 shares in the last quarter. Tufton Capital Management now owns 159,956 shares of the retailer's stock worth $8,828,000 after acquiring an additional 15,137 shares during the period. It also increased its holding in Microsoft Corp Com (NASDAQ:MSFT) by 55,140 shares in the quarter, for a total of 829,841 shares, and has risen its stake in Newell Brands Inc Com (NYSE:NWL). ING Groep NV now owns 7,632 shares of the retailer's stock worth $421,000 after acquiring an additional 4,071 shares during the period. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

Shares of Target Corporation (NYSE:TGT) opened at 57.29 on Tuesday. More interesting news about Target Corporation (NYSE:TGT) were released by: Chicagotribune.com and their article: "Small-format Target gets Oak Park liquor license" published on September 11, 2017 as well as Seekingalpha.com's news article titled: "Target Remains A Solid Dividend Play" with publication date: August 31, 2017. The retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company had revenue of $16.43 billion for the quarter, compared to the consensus estimate of $16.30 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. Next quarter's EPS is estimated at $1.23 with next year's EPS projected to be $4.40. Five research experts recommended the company shares with a sell recommendation, eighteen have issued a hold recommendation and five have issued a buy recommendation to the share. the share now has a average recommendation of "Hold" and a consensus price objective of $61.64.

Most recently the business also announced dividend for the quarter, to be paid on Sunday, Sep 10th. Gordon Haskett upgraded the stock to "Hold" rating in Wednesday, August 16 report. This represents a $2.48 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Monday, February 13th. The stock of Target Corporation (NYSE:TGT) earned "Sell" rating by Goldman Sachs on Thursday, January 19. The analysts estimated sales for the higher end at 16689 million and lower end at 16219 million while the year ago reported sale was 16735.9 million. Jefferies Group LLC reissued a hold rating and issued a $75.00 price target (up previously from $72.00) on shares of Target Corporation in a research note on Tuesday, December 6th. Vetr downgraded shares of Target Corporation from a "buy" rating to a "hold" rating and set a $59.66 target price on the stock.in a report on Monday, June 12th.

Among 27 analysts covering Wayfair LLC (NYSE:W), 13 have Buy rating, 1 Sell and 13 Hold. Robert M. Harrison, CAO let go of $137,360 worth of shares at an average price of $52.05 on Wednesday the 5th. Foster & Motley Inc sold 15,916 shares as the company's stock declined 14.90% while stock markets rallied. The information was declared in a document with the SEC which is available at this hyperlink. The stock rose 1.50% or $0.86 reaching $58.15. If you are accessing this report on another domain, it was illegally copied and republished in violation of U.S. and worldwide copyright law. The legal version of this report can be viewed at https://www.truebluetribune.com/2017/09/12/target-corporation-tgt-shares-sold-by-mitsubishi-ufj-kokusai-asset-management-co-ltd.html.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. The Business's 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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