Target Corporation (TGT) : Sg Americas Securities scooped up 1,009,935 additional shares in Target Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,027,304 shares of Target Corporation which is valued at $75.9 Million.Target Corporation makes up approximately 0.61% of Sg Americas Securities’s portfolio.
Other Hedge Funds, Including , Wealth Architects reduced its stake in TGT by selling 54 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 2,779 shares of TGT which is valued at $205,313. Target Corporation makes up approx 0.10% of Wealth Architects’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in TGT in the latest quarter, The investment management firm added 398 additional shares and now holds a total of 44,379 shares of Target Corporation which is valued at $3.3 Million. Target Corporation makes up approx 0.10% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Caprock Group added TGT to its portfolio by purchasing 5,947 company shares during the most recent quarter which is valued at $439,364. Target Corporation makes up approx 0.10% of Caprock Group’s portfolio.Bks Advisors reduced its stake in TGT by selling 100 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 4,468 shares of TGT which is valued at $330,096. Target Corporation makes up approx 0.18% of Bks Advisors’s portfolio.Argent Trust Co boosted its stake in TGT in the latest quarter, The investment management firm added 1,031 additional shares and now holds a total of 27,521 shares of Target Corporation which is valued at $2.2 Million. Target Corporation makes up approx 0.69% of Argent Trust Co’s portfolio.
Target Corporation opened for trading at $67.39 and hit $69.1401 on the upside on Friday, eventually ending the session at $68.66, with a gain of 2.39% or 1.6 points. The heightened volatility saw the trading volume jump to 93,25,795 shares. Company has a market cap of $41,195 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 Companys brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & OMalley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.