Foster & Motley Inc. Has $8,862,000 Position in Target Corporation (TGT)

Foster & Motley Inc. cut its stake in shares of Target Corporation (NYSE:TGT) by 7.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 129,029 shares of the retailer’s stock after selling 10,629 shares during the period. Target Corporation makes up about 1.7% of Foster & Motley Inc.’s investment portfolio, making the stock its 11th largest position. Foster & Motley Inc.’s holdings in Target Corporation were worth $8,862,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P boosted its stake in shares of Target Corporation by 1.9% in the second quarter. Loomis Sayles & Co. L P now owns 2,201 shares of the retailer’s stock valued at $154,000 after buying an additional 42 shares during the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of Target Corporation by 25.5% in the second quarter. Joel Isaacson & Co. LLC now owns 2,401 shares of the retailer’s stock valued at $168,000 after buying an additional 488 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in Target Corporation by 5.1% in the third quarter. Carroll Financial Associates Inc. now owns 2,492 shares of the retailer’s stock worth $171,000 after buying an additional 122 shares during the last quarter. First Personal Financial Services boosted its position in Target Corporation by 16.5% in the second quarter. First Personal Financial Services now owns 2,688 shares of the retailer’s stock worth $188,000 after buying an additional 381 shares during the last quarter. Finally, Jolley Asset Management LLC boosted its position in Target Corporation by 13.6% in the third quarter. Jolley Asset Management LLC now owns 2,930 shares of the retailer’s stock worth $201,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 86.63% of the company’s stock.

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

Target Corporation (NYSE:TGT) traded up 0.2177% during trading on Wednesday, hitting $71.5855. The company’s stock had a trading volume of 778,981 shares. Target Corporation has a one year low of $65.50 and a one year high of $84.14. The firm has a market cap of $40.21 billion, a PE ratio of 12.7376 and a beta of 0.62. The company has a 50-day moving average of $75.73 and a 200 day moving average of $71.97.

Target Corporation (NYSE:TGT) last issued its earnings results on Wednesday, November 16th. The retailer reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. Target Corporation had a net margin of 4.75% and a return on equity of 25.18%. The company earned $16.44 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same period last year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, equities analysts forecast that Target Corporation will post $5.20 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was first posted by BBNS and is owned by of BBNS. If you are accessing this article on another website, it was copied illegally and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be read at https://baseballnewssource.com/markets/foster-motley-inc-has-8862000-position-in-target-corporation-tgt/344537.html.

A number of research firms have issued reports on TGT. Vetr upgraded Target Corporation from a “sell” rating to a “hold” rating and set a $77.48 price target on the stock in a report on Monday, November 28th. Buckingham Research reissued a “buy” rating and set a $85.00 price target (up from $79.00) on shares of Target Corporation in a research note on Sunday, December 4th. Jefferies Group reissued a “hold” rating and set a $75.00 price target (up from $72.00) on shares of Target Corporation in a research note on Tuesday, December 6th. Zacks Investment Research lowered Target Corporation from a “buy” rating to a “hold” rating in a research note on Friday, December 16th. Finally, J P Morgan Chase & Co reissued a “hold” rating and set a $79.00 price target on shares of Target Corporation in a research note on Thursday, November 17th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Target Corporation currently has an average rating of “Hold” and an average price target of $75.50.

In other Target Corporation news, Director Anne M. Mulcahy sold 3,957 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $75.45, for a total value of $298,555.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Target Corporation Company Profile

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

Receive News & Ratings for Target Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target Corporation and related companies with our FREE daily email newsletter.

 

Latest News

Orioles Talking Contract with Slugger Jose Bautista
Orioles Talking Contract with Slugger Jose Bautista
Criticism During World Series Humorous to Joe Maddon
Criticism During World Series Humorous to Joe Maddon
Los Angeles Dodgers Awaiting Decision by Twins on Brian Dozier
Los Angeles Dodgers Awaiting Decision by Twins on Brian Dozier
Manny Ramirez Returning to Play Baseball in Japan
Manny Ramirez Returning to Play Baseball in Japan
Rajai Davis Anxious to Start Second Stint With Oakland
Rajai Davis Anxious to Start Second Stint With Oakland
Offseason Moves, Rumors and Possible Deals
Offseason Moves, Rumors and Possible Deals


Leave a Reply

 
© 2006-2017 BBNS.