Target Corporation (TGT) : Richard C. Young Ltd. reduced its stake in Target Corporation by 0.28% during the most recent quarter end. The investment management company now holds a total of 122,143 shares of Target Corporation which is valued at $9,259,661 after selling 346 shares in Target Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Target Corporation makes up approximately 2.00% of Richard C. Young Ltd.’s portfolio.
Other Hedge Funds, Including , Comerica Bank reduced its stake in TGT by selling 26,652 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 485,616 shares of TGT which is valued at $36,814,549. Target Corporation makes up approx 0.32% of Comerica Bank’s portfolio. Gyroscope Capital Management Group added TGT to its portfolio by purchasing 53,629 company shares during the most recent quarter which is valued at $3,969,082. Target Corporation makes up approx 3.10% of Gyroscope Capital Management Group’s portfolio. Spot Trading L.l.c added TGT to its portfolio by purchasing 33 company shares during the most recent quarter which is valued at $2,445.Eads Heald Investment Counsel reduced its stake in TGT by selling 1,815 shares or 19.18% in the most recent quarter. The Hedge Fund company now holds 7,649 shares of TGT which is valued at $576,199. Target Corporation makes up approx 0.39% of Eads Heald Investment Counsel’s portfolio. Lasalle Street Capital Management added TGT to its portfolio by purchasing 9,067 company shares during the most recent quarter which is valued at $675,310. Target Corporation makes up approx 0.63% of Lasalle Street Capital Management’s portfolio.
Target Corporation opened for trading at $70.59 and hit $71.5 on the upside on Tuesday, eventually ending the session at $71.05, with a gain of 0.94% or 0.66 points. The heightened volatility saw the trading volume jump to 56,22,696 shares. Company has a market cap of $41,868 M.
On the company’s financial health, Target Corporation reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $1.13. The company had revenue of $16169.00 million for the quarter, compared to analysts expectations of $16170.29 million. The company’s revenue was down -7.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.22 EPS.
Many Wall Street Analysts have commented on Target Corporation. Shares were Reiterated by Telsey Advisory Group on Aug 18, 2016 to “Outperform” and Lowered the Price Target to $ 82 from a previous price target of $88 .Company shares were Reiterated by Deutsche Bank on Aug 15, 2016 to “Hold”, Firm has raised the Price Target to $ 79 from a previous price target of $78 .Miller Tabak Initiated Target Corporation on Jul 29, 2016 to “Buy”, Price Target of the shares are set at $87.
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.