Target Corporation (NYSE:TGT) Shares Bought by One Capital Management LLC

Target Sales Improved Outlook Disappointed in 3Q17

Clearly, Target has cut prices aggressively, but still ended up having just 1.4% in sales growth to show for it. Penserra Capital Management LLC now owns 1,512 shares of the retailer's stock valued at $103,000 after buying an additional 756 shares during the period. Heritage Trust Co now owns 1,771 shares of the retailer's stock valued at $105,000 after acquiring an additional 1,000 shares in the last quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer's stock worth $141,000 after purchasing an additional 400 shares during the period.

Target's third-quarter gross margin slipped to 29.7 percent from 29.8 percent, and Chief Financial Officer Cathy Smith said margin pressure should continue into the holiday quarter. Boston Private Wealth LLC raised its position in shares of Target Corporation by 4.5% in the 2nd quarter. L P increased its position in shares of Target Corp.by 1.9% in the second quarter. California Public Employees Retirement System now owns 1,707,997 shares of the retailer's stock valued at $100,789,000 after buying an additional 85,736 shares during the period.

COPYRIGHT VIOLATION WARNING: This article was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and republished in violation of USA and global trademark and copyright laws. The original version of this article can be accessed at https://stocknewstimes.com/2017/11/16/one-capital-management-llc-grows-stake-in-target-corporation-tgt.html. Target Corporation (NYSE:TGT) has declined 16.51% since November 16, 2016 and is downtrending. Based on an average daily trading volume, of 5,535,737 shares, the days-to-cover ratio is presently 9.7 days. The company has a market cap of $29,970.00, a price-to-earnings ratio of 12.25, a PEG ratio of 2.84 and a beta of 0.63. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. Company insiders own 0.25% of the company's stock.

Target Corporation (NYSE:TGT) last issued its earnings results on Wednesday, August 16th. It says that earnings per share should now range from $4.40 to $4.60 for the year. The company had revenue of $16.44 billion for the quarter, compared to the consensus estimate of $16.30 billion.

Gross margin improved 1 percent from past year to $4.96 billion.


For the current quarter ending in January, Target expects its per-share earnings to range from $1.05 to $1.25, which is shy of Wall Street projections for $1.27.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. (NYSE:PEP) were released by: Seekingalpha.com and their article: "Sand In My Shoes - Pepsi Is Pouring Dividends" published on November 10, 2017 as well as Seekingalpha.com's news article titled: "Why We Bought More Pepsi" with publication date: October 26, 2017. This represents a $2.48 annualized dividend and a yield of 4.55%. Target Corporation's payout ratio is now 50.10%. On Friday, September 30 the stock rating was initiated by Guggenheim with "Neutral". The stock was sold at an average price of $77.87, for a total transaction of $308,131.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

A number of research firms recently issued reports on TGT.

That easily beat Wall Street expectations on Wednesday of 86 cents per share, according to a survey by Zacks Investment Research. About 2 shares traded. BidaskClub downgraded shares of Target Corporation from a "buy" rating to a "hold" rating in a report on Saturday, August 12th.

Wells Fargo initiated its coverage for Target (NYSE:TGT), this morning Friday morning. They set a "market perform" rating and a $62.00 price objective for the company. The brokerage presently has an "underweight" rating on the retailer's stock. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company's stock.

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