Bingham Osborn Scarborough Lowers stake in Target Corporation (TGT)

Target Corporation (TGT) : Bingham Osborn Scarborough reduced its stake in Target Corporation by 0.53% during the most recent quarter end. The investment management company now holds a total of 18,741 shares of Target Corporation which is valued at $1.4 Million after selling 100 shares in Target Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Target Corporation makes up approximately 0.16% of Bingham Osborn Scarborough’s portfolio.

Other Hedge Funds, Including , Brown Brothers Harriman Co reduced its stake in TGT by selling 22,607 shares or 16.93% in the most recent quarter. The Hedge Fund company now holds 110,951 shares of TGT which is valued at $8.2 Million. Target Corporation makes up approx 0.04% of Brown Brothers Harriman Co’s portfolio.Canada Pension Plan Investment Board reduced its stake in TGT by selling 125,500 shares or 44.44% in the most recent quarter. The Hedge Fund company now holds 156,907 shares of TGT which is valued at $11.6 Million. Target Corporation makes up approx 0.05% of Canada Pension Plan Investment Board’s portfolio.Affinity Investment Advisors reduced its stake in TGT by selling 4,594 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 249,204 shares of TGT which is valued at $18.4 Million. Target Corporation makes up approx 1.64% of Affinity Investment Advisors’s portfolio.Hayek Kallen Investment Management reduced its stake in TGT by selling 125 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 31,805 shares of TGT which is valued at $2.3 Million. Target Corporation makes up approx 1.76% of Hayek Kallen Investment Management’s portfolio. Bowling Portfolio Management sold out all of its stake in TGT during the most recent quarter. The investment firm sold 48,513 shares of TGT which is valued $3.8 Million.

Target Corporation opened for trading at $68.82 and hit $69.68 on the upside on Wednesday, eventually ending the session at $69.28, with a gain of 0.86% or 0.59 points. The heightened volatility saw the trading volume jump to 86,97,859 shares. Company has a market cap of $41,567 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 Reiterated by Telsey Advisory Group on May 19, 2016 to “Outperform” and Lowered the Price Target to $ 88 from a previous price target of $91 .Shares were Reiterated by MKM Partners on May 19, 2016 to “Neutral” and Lowered the Price Target to $ 73 from a previous price target of $81 .Shares were Reiterated by Barclays on May 19, 2016 to “Underweight” and Lowered the Price Target to $ 65 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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