Transamerica Financial Advisors Lowers stake in Target Corporation (TGT)

Target Corporation (TGT) : Transamerica Financial Advisors reduced its stake in Target Corporation by 7.37% during the most recent quarter end. The investment management company now holds a total of 80,793 shares of Target Corporation which is valued at $6,124,917 after selling 6,429 shares in Target Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Target Corporation makes up approximately 0.61% of Transamerica Financial Advisors’s portfolio.

Other Hedge Funds, Including , Citadel Advisors added TGT to its portfolio by purchasing 925,473 company shares during the most recent quarter which is valued at $70,160,108. Target Corporation makes up approx 0.18% of Citadel Advisors’s portfolio.Canada Pension Plan Investment Board reduced its stake in TGT by selling 75,000 shares or 47.8% in the most recent quarter. The Hedge Fund company now holds 81,907 shares of TGT which is valued at $6,209,370. Target Corporation makes up approx 0.02% of Canada Pension Plan Investment Board’s portfolio.Skba Capital Management reduced its stake in TGT by selling 900 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 242,470 shares of TGT which is valued at $18,381,651. Target Corporation makes up approx 1.74% of Skba Capital Management’s portfolio.Jag Capital Management boosted its stake in TGT in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 21,752 shares of Target Corporation which is valued at $1,629,660. Target Corporation makes up approx 0.31% of Jag Capital Management’s portfolio.

Target Corporation opened for trading at $70.43 and hit $71.14 on the upside on Monday, eventually ending the session at $71.05, with a gain of 1.00% or 0.7 points. The heightened volatility saw the trading volume jump to 39,92,230 shares. Company has a market cap of $40,844 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 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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