Carret Asset Management buys $5,800,223 stake in Target Corporation (TGT)

Target Corporation (TGT) : Carret Asset Management scooped up 1,838 additional shares in Target Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 76,510 shares of Target Corporation which is valued at $5,800,223.Target Corporation makes up approximately 1.07% of Carret Asset Management’s portfolio.

Other Hedge Funds, Including , Renaissance Group reduced its stake in TGT by selling 5,903 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 369,778 shares of TGT which is valued at $28,032,870. Target Corporation makes up approx 1.13% of Renaissance Group’s portfolio.Boston Private Wealth reduced its stake in TGT by selling 8,379 shares or 12.58% in the most recent quarter. The Hedge Fund company now holds 58,202 shares of TGT which is valued at $4,312,768. Target Corporation makes up approx 0.17% of Boston Private Wealth’s portfolio.Capital City Trust Cofl boosted its stake in TGT in the latest quarter, The investment management firm added 1,689 additional shares and now holds a total of 45,880 shares of Target Corporation which is valued at $3,437,330. Target Corporation makes up approx 1.35% of Capital City Trust Cofl’s portfolio.Premier Asset Managment reduced its stake in TGT by selling 7,355 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 186,825 shares of TGT which is valued at $13,914,726. Target Corporation makes up approx 3.40% of Premier Asset Managment’s portfolio.

Target Corporation closed down -0.18 points or -0.26% at $70.12 with 59,30,769 shares getting traded on Friday. Post opening the session at $70.11, the shares hit an intraday low of $69.99 and an intraday high of $70.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 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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