Chicago Equity Partners buys $31.6 Million stake in Target Corporation (TGT)

Target Corporation (TGT) : Chicago Equity Partners scooped up 95,935 additional shares in Target Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 428,235 shares of Target Corporation which is valued at $31.6 Million.Target Corporation makes up approximately 0.93% of Chicago Equity Partners’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P boosted its stake in TGT in the latest quarter, The investment management firm added 87,325 additional shares and now holds a total of 176,700 shares of Target Corporation which is valued at $13.1 Million. Target Corporation makes up approx 0.29% of Hbk Investments L P’s portfolio. Venturi Wealth Management added TGT to its portfolio by purchasing 56,772 company shares during the most recent quarter which is valued at $4.2 Million. Target Corporation makes up approx 1.56% of Venturi Wealth Management’s portfolio.Genesee Valley Trust Co reduced its stake in TGT by selling 128 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 10,853 shares of TGT which is valued at $801,820. Target Corporation makes up approx 0.57% of Genesee Valley Trust Co’s portfolio.Investors Capital Advisory Services boosted its stake in TGT in the latest quarter, The investment management firm added 317 additional shares and now holds a total of 7,422 shares of Target Corporation which is valued at $548,337. Target Corporation makes up approx 0.11% of Investors Capital Advisory Services’s portfolio.Brighton Jones reduced its stake in TGT by selling 188 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 2,699 shares of TGT which is valued at $212,519. Target Corporation makes up approx 0.04% of Brighton Jones’s portfolio.

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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