Target Corporation (TGT) : Cutler Investment Counsel scooped up 309 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 92,893 shares of Target Corporation which is valued at $6.9 Million.Target Corporation makes up approximately 2.09% of Cutler Investment Counsel’s portfolio.
Other Hedge Funds, Including , Estabrook Capital Management reduced its stake in TGT by selling 136 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 16,348 shares of TGT which is valued at $1.2 Million. Target Corporation makes up approx 0.18% of Estabrook Capital Management’s portfolio.Janney Capital Management boosted its stake in TGT in the latest quarter, The investment management firm added 347 additional shares and now holds a total of 210,348 shares of Target Corporation which is valued at $15.5 Million. Target Corporation makes up approx 0.85% of Janney Capital Management’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in TGT in the latest quarter, The investment management firm added 603,599 additional shares and now holds a total of 17,687,488 shares of Target Corporation which is valued at $1,306.8 Million. Target Corporation makes up approx 0.22% of Blackrock Institutional Trust Company N.a.’s portfolio. Harfst Associates sold out all of its stake in TGT during the most recent quarter. The investment firm sold 1,072 shares of TGT which is valued $84,409.Hl Financial Services reduced its stake in TGT by selling 127 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 13,785 shares of TGT which is valued at $1.1 Million. Target Corporation makes up approx 0.03% of Hl Financial Services’s portfolio.
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 Companys brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & OMalley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.