Target Corporation (NYSE:TGT) Shares Bought by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 26.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,113 shares of the retailer’s stock after buying an additional 8,285 shares during the period. Target Corporation comprises 1.6% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Murphy Pohlad Asset Management LLC’s holdings in Target Corporation were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors also recently bought and sold shares of the company. CAPROCK Group Inc. bought a new stake in shares of Target Corporation in the 3rd quarter valued at approximately $832,000. Boston Private Wealth LLC grew its stake in shares of Target Corporation by 4.5% in the 2nd quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer’s stock valued at $2,795,000 after buying an additional 2,285 shares in the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of Target Corporation in the 3rd quarter valued at approximately $554,000. Conning Inc. grew its stake in shares of Target Corporation by 2.1% in the 2nd quarter. Conning Inc. now owns 522,523 shares of the retailer’s stock valued at $27,323,000 after buying an additional 10,966 shares in the last quarter. Finally, Patten & Patten Inc. TN bought a new stake in shares of Target Corporation in the 2nd quarter valued at approximately $234,000. Hedge funds and other institutional investors own 83.70% of the company’s stock. Get Target Corporation alerts: Target Corporation (NYSE TGT) traded up $0.64 during midday trading on Wednesday, hitting $58.53. The stock had a trading volume of 3,510,042 shares, compared to its average volume of 5,963,414. The firm has a market capitalization of $32,386.08, a price-to-earnings ratio of 12.03, a P/E/G ratio of 2.81 and a beta of 0.63. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.91. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. Target Corporation (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The company had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. Target Corporation’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. analysts anticipate that Target Corporation will post 4.49 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio is currently 50.00%. TGT has been the subject of a number of recent analyst reports. TheStreet upgraded Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Vetr lowered Target Corporation from a “strong-buy” rating to a “buy” rating and set a $60.28 price target for the company. in a report on Thursday, July 20th. BidaskClub upgraded Target Corporation from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. MKM Partners upped their target price on Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research upgraded Target Corporation from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, October 10th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Target Corporation currently has an average rating of “Hold” and an average price target of $63.68. In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders. Target Corporation Company Profile Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its 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.