Edgar Lomax Cova buys $57,051,270 stake in Target Corporation (TGT)

Target Corporation (TGT) : Edgar Lomax Cova scooped up 37,346 additional shares in Target Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 752,556 shares of Target Corporation which is valued at $57,051,270.Target Corporation makes up approximately 3.50% of Edgar Lomax Cova’s portfolio.

Other Hedge Funds, Including , Martingale Asset Management L P reduced its stake in TGT by selling 80,896 shares or 24.03% in the most recent quarter. The Hedge Fund company now holds 255,739 shares of TGT which is valued at $19,387,574. Target Corporation makes up approx 0.31% of Martingale Asset Management L P’s portfolio.Assetmark Inc reduced its stake in TGT by selling 4,198 shares or 31.59% in the most recent quarter. The Hedge Fund company now holds 9,093 shares of TGT which is valued at $672,973. Target Corporation makes up approx 0.01% of Assetmark Inc’s portfolio.Roberts Glore Co Inc Il reduced its stake in TGT by selling 295 shares or 4.45% in the most recent quarter. The Hedge Fund company now holds 6,330 shares of TGT which is valued at $476,839. Target Corporation makes up approx 0.35% of Roberts Glore Co Inc Il’s portfolio.Hl Financial Services reduced its stake in TGT by selling 811 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 12,974 shares of TGT which is valued at $976,294. Target Corporation makes up approx 0.02% of Hl Financial Services’s portfolio.

Target Corporation opened for trading at $70.59 and hit $71.5 on the upside on Tuesday, eventually ending the session at $71.05, with a gain of 0.94% or 0.66 points. The heightened volatility saw the trading volume jump to 56,22,696 shares. Company has a market cap of $41,868 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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