Target Corporation (TGT) : Baker Chad R reduced its stake in Target Corporation by 0.76% during the most recent quarter end. The investment management company now holds a total of 84,675 shares of Target Corporation which is valued at $6,971,293 after selling 650 shares in Target Corporation , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Target Corporation makes up approximately 3.13% of Baker Chad R’s portfolio.
Target Corporation closed down -0.42 points or -0.51% at $82.33 with 32,08,333 shares getting traded on Friday. Post opening the session at $82.89, the shares hit an intraday low of $82.15 and an intraday high of $83.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in TGT in the latest quarter, The investment management firm added 2,743 additional shares and now holds a total of 52,063 shares of Target Corporation which is valued at $4,286,347. Target Corporation makes up approx 0.38% of Raymond James Trust N.a.’s portfolio.First Citizens Bank Trust Co reduced its stake in TGT by selling 16,642 shares or 7.92% in the most recent quarter. The Hedge Fund company now holds 193,599 shares of TGT which is valued at $15,939,006. Target Corporation makes up approx 1.31% of First Citizens Bank Trust Co’s portfolio.Webster Bank N. A. reduced its stake in TGT by selling 2,489 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 56,322 shares of TGT which is valued at $4,652,197. Target Corporation makes up approx 0.72% of Webster Bank N. A.’s portfolio.Newman Dignan Sheerar boosted its stake in TGT in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 4,251 shares of Target Corporation which is valued at $351,133. Target Corporation makes up approx 0.25% of Newman Dignan Sheerar’s portfolio.Proficio Capital Partners reduced its stake in TGT by selling 26 shares or 16.88% in the most recent quarter. The Hedge Fund company now holds 128 shares of TGT which is valued at $10,211. Target Corporation makes up approx 0.01% of Proficio Capital Partners’s portfolio.
On the company’s financial health, Target Corporation reported $1.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $1.54. The company had revenue of $21626.00 million for the quarter, compared to analysts expectations of $21647.98 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.50 EPS.
Investors should note that on Mar 10, 2016, Target Corporation announced a cash dividend of $0.5600. The company’s management has announced May 16, 2016 as the ex-dividend date and fixed the record date on May 18, 2016. The payable date has been fixed on Jun 10, 2016.
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 .Shares were Reiterated by Piper Jaffray on Feb 4, 2016 to “Overweight” and Lowered the Price Target to $ 84 from a previous price target of $86 .
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 Companys brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & OMalley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.