The fund owned 36,212 shares of the retailer's stock after acquiring an additional 2,629 shares during the period. Comerica Bank's holdings in Target Corporation were worth $16,258,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TGT. (NYSE:PEP) news were published by: Nasdaq.com which released: "Texan Capital Management Buys Main Street Capital Corp, PepsiCo Inc, Sells ..." on October 27, 2017, also Forbes.com with their article: "Pepsico Stock A Dividend Growth Darling With Strong Corporate Governance ..." published on November 08, 2017, Dividend.com published: "PepsiCo, Inc.: With Soda Demand Falling, Pepsi Continues to Thrive" on October 25, 2017. Finally, California Public Employees Retirement System increased its position in shares of Target Corporation by 5.3% during the third quarter.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction dated Friday, September 15th. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer's stock valued at $107,000 after buying an additional 127 shares during the period. Boston Private Wealth LLC raised its position in shares of Target Corporation by 4.5% in the 2nd quarter. Finally, Loomis Sayles & Co. Investment Counsel ADV raised its holdings in shares of Target Corporation by 4.7% during the second quarter. L P now owns 2,201 shares of the retailer's stock valued at $154,000 after buying an additional 42 shares during the period. Institutional investors own 83.51% of the company's stock. (NYSE:TGT) opened at 73.50 on Monday. The firm has a market cap of $29,580.00, a price-to-earnings ratio of 12.19, a P/E/G ratio of 5.38 and a beta of 0.63. Target has recorded a 50-day average of $59.00 and a two hundred day average of $55.85. 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. The retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Revenue during the quarter was $16.43 billion, representing 2% growth from $16.17 billion in year-ago quarter.
In its third quarter, Traget's net earnings fell 21 percent to $480 million from last year's $608 million.
Analysts expect earnings of $4.52 per share for the year. This is a mediocre outlook for TGT stock as the high end of those expectations is just above Wall Street's earnings per share estimate of $1.24 for the fourth quarter.
A number of research firms recently issued reports on TGT. Zacks Investment Research lowered shares of Target Corporation from a "buy" rating to a "hold" rating in a research report on Monday, October 23rd.
Among 26 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 3 Sell and 16 Hold. Buckingham Research increased their price target on shares of Target Corp.to $85.00 in a report on Wednesday, November 16th. Citigroup maintained the shares of TGT in report on Thursday, August 18 with "Buy" rating. Miller Tabak initiated it with "Buy" rating and $87 target in Friday, July 29 report. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus price target of $63.60.
About 3.51 million shares traded. Putnam Invests Ltd Liability owns 365,183 shares for 0.01% of their portfolio.
Target Corporation offers everyday essentials and merchandise to its customers.
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels.