Capital Advantage adds Target Corporation (TGT) to its portfolio

Target Corporation (TGT) : Capital Advantage added new position in Target Corporation during the most recent quarter end. The investment management firm now holds 8,942 shares of Target Corporation which is valued at $661,350 , the company said in a statement filed on Jul 15, 2016 with the SEC.Target Corporation makes up approximately 0.23% of Capital Advantage’s portfolio.

Other Hedge Funds, Including , Boyd Watterson Asset Managementoh reduced its stake in TGT by selling 750 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 32,201 shares of TGT which is valued at $2,381,586. Target Corporation makes up approx 1.15% of Boyd Watterson Asset Managementoh’s portfolio.Windsor Financial Group boosted its stake in TGT in the latest quarter, The investment management firm added 1,960 additional shares and now holds a total of 56,846 shares of Target Corporation which is valued at $4,204,330. Target Corporation makes up approx 1.88% of Windsor Financial Group’s portfolio.Foothills Asset Management Ltd. reduced its stake in TGT by selling 325 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 27,295 shares of TGT which is valued at $1,997,175. Target Corporation makes up approx 1.55% of Foothills Asset Management Ltd.’s portfolio.

Target Corporation opened for trading at $72.88 and hit $74.02 on the upside on Monday, eventually ending the session at $73.96, with a gain of 1.26% or 0.92 points. The heightened volatility saw the trading volume jump to 38,52,589 shares. Company has a market cap of $43,583 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. 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 .Shares were Reiterated by Barclays on May 19, 2016 to “Underweight” and Lowered the Price Target to $ 65 from a previous price target of $70 .

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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