Rothschild Asset Management Inc Lowers stake in Target Corporation (TGT)

Target Corporation (TGT) : Rothschild Asset Management Inc reduced its stake in Target Corporation by 34.49% during the most recent quarter end. The investment management company now holds a total of 426,223 shares of Target Corporation which is valued at $31,583,124 after selling 224,421 shares in Target Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Target Corporation makes up approximately 0.55% of Rothschild Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Matrix Asset Advisors Incny boosted its stake in TGT in the latest quarter, The investment management firm added 5,668 additional shares and now holds a total of 58,962 shares of Target Corporation which is valued at $4,369,084. Target Corporation makes up approx 0.81% of Matrix Asset Advisors Incny’s portfolio.Badgley Phelps Bell Inc boosted its stake in TGT in the latest quarter, The investment management firm added 4,231 additional shares and now holds a total of 99,825 shares of Target Corporation which is valued at $7,397,033. Target Corporation makes up approx 0.65% of Badgley Phelps Bell Inc’s portfolio.Jolley Asset Management boosted its stake in TGT in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 2,580 shares of Target Corporation which is valued at $193,294. Target Corporation makes up approx 0.15% of Jolley Asset Management’s portfolio.Hartford Investment Management Co boosted its stake in TGT in the latest quarter, The investment management firm added 3,268 additional shares and now holds a total of 177,152 shares of Target Corporation which is valued at $13,272,228. Target Corporation makes up approx 0.27% of Hartford Investment Management Co’s portfolio.

Target Corporation opened for trading at $75 and hit $75.52 on the upside on Monday, eventually ending the session at $75, with a gain of 0.08% or 0.06 points. The heightened volatility saw the trading volume jump to 30,22,164 shares. Company has a market cap of $44,196 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.

Investors should note that on Jun 8, 2016, Target Corporation announced a cash dividend of $0.6000. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 10, 2016.

Many Wall Street Analysts have commented on Target Corporation. Miller Tabak Initiated Target Corporation on Jul 29, 2016 to “Buy”, Price Target of the shares are set at $87.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 .

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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