Target Corporation (TGT) : Adams Asset Advisors added new position in Target Corporation during the most recent quarter end. The investment management firm now holds 49,688 shares of Target Corporation which is valued at $3,373,318 , the company said in a statement filed on Oct 13, 2016 with the SEC.Target Corporation makes up approximately 0.47% of Adams Asset Advisors’s portfolio.
Other Hedge Funds, Including , Profit Investment Management reduced its stake in TGT by selling 8,242 shares or 36.29% in the most recent quarter. The Hedge Fund company now holds 14,472 shares of TGT which is valued at $982,504. Target Corporation makes up approx 0.99% of Profit Investment Management’s portfolio.Prospera Financial Services Inc boosted its stake in TGT in the latest quarter, The investment management firm added 1,099 additional shares and now holds a total of 6,663 shares of Target Corporation which is valued at $455,683. Target Corporation makes up approx 0.09% of Prospera Financial Services Inc’s portfolio.Trust Co Of Oklahoma reduced its stake in TGT by selling 305 shares or 4.9% in the most recent quarter. The Hedge Fund company now holds 5,925 shares of TGT which is valued at $409,062. Target Corporation makes up approx 0.23% of Trust Co Of Oklahoma’s portfolio.Hefty Wealth Partners boosted its stake in TGT in the latest quarter, The investment management firm added 16,072 additional shares and now holds a total of 16,473 shares of Target Corporation which is valued at $1,115,881. Target Corporation makes up approx 0.85% of Hefty Wealth Partners’s portfolio.
Target Corporation closed down -0.47 points or -0.68% at $68.39 with 30,29,888 shares getting traded on Tuesday. Post opening the session at $68.79, the shares hit an intraday low of $68.28 and an intraday high of $69.02 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
Investors should note that on Sep 21, 2016, Target Corporation announced a cash dividend of $0.6000. The company’s management has announced Nov 14, 2016 as the ex-dividend date and fixed the record date on Nov 16, 2016. The payable date has been fixed on Dec 10, 2016.
Many Wall Street Analysts have commented on Target Corporation. Target Corporation was Initiated by Guggenheim to “Neutral” on Sep 30, 2016. Shares were Resumed by Credit Suisse on Sep 16, 2016 to “Neutral” and Lowered the Price Target to $ 65 from a previous price target of $72 .Shares were Downgraded by Cowen on Sep 12, 2016 to ” Market Perform” and Lowered the Price Target to $ 68 from a previous price target of $75 .
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.