First Interstate Bank buys $9.8 Million stake in Target Corporation (TGT)

Target Corporation (TGT) : First Interstate Bank scooped up 234 additional shares in Target Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 132,912 shares of Target Corporation which is valued at $9.8 Million.Target Corporation makes up approximately 2.09% of First Interstate Bank’s portfolio.

Other Hedge Funds, Including , Mycio Wealth Partners boosted its stake in TGT in the latest quarter, The investment management firm added 489 additional shares and now holds a total of 5,635 shares of Target Corporation which is valued at $416,314. Target Corporation makes up approx 0.07% of Mycio Wealth Partners’s portfolio.Bahl Gaynor Inc boosted its stake in TGT in the latest quarter, The investment management firm added 504,678 additional shares and now holds a total of 1,653,492 shares of Target Corporation which is valued at $122.2 Million. Target Corporation makes up approx 1.62% of Bahl Gaynor Inc’s portfolio.Parsons Capital Management Incri boosted its stake in TGT in the latest quarter, The investment management firm added 131 additional shares and now holds a total of 14,030 shares of Target Corporation which is valued at $1.1 Million. Target Corporation makes up approx 0.15% of Parsons Capital Management Incri’s portfolio. Chicago Partners Investment Group sold out all of its stake in TGT during the most recent quarter. The investment firm sold 1,205 shares of TGT which is valued $95,798.

Target Corporation opened for trading at $73.55 and hit $75.35 on the upside on Monday, eventually ending the session at $74.61, with a gain of 1.76% or 1.29 points. The heightened volatility saw the trading volume jump to 87,56,444 shares. Company has a market cap of $44,765 M.

On the company’s financial health, Target Corporation reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 18, 2016. Analyst had a consensus of $1.19. The company had revenue of $16196.00 million for the quarter, compared to analysts expectations of $16313.21 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.10 EPS.

Many Wall Street Analysts have commented on Target Corporation. Shares were Downgraded by Barclays on Mar 31, 2016 to ” Underweight” and Lowered the Price Target to $ 70 from a previous price target of $90 .Company shares were Reiterated by MKM Partners on Feb 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 81 from a previous price target of $70 .

Target Corporation is engaged in providing everyday essentials and fashionable and differentiated merchandise at discounted prices. The Company offers its products through stores online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment including perishables dry grocery dairy and frozen items. Its urban format stores CityTarget and TargetExpress offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise including various items found in its stores along with a complementary assortment such as additional sizes and colors sold online. The Company’s brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & O’Malley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.

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