Target Corporation (TGT) : Garnet Equity Capital Holdings added new position in Target Corporation during the most recent quarter end. The investment management firm now holds 75,000 shares of Target Corporation which is valued at $5,685,750 , the company said in a statement filed on Aug 10, 2016 with the SEC.Target Corporation makes up approximately 6.88% of Garnet Equity Capital Holdings’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.Nelson Van Denburg Campbell Wealth Management Group reduced its stake in TGT by selling 111 shares or 63.79% in the most recent quarter. The Hedge Fund company now holds 63 shares of TGT which is valued at $4,721.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in TGT in the latest quarter, The investment management firm added 308 additional shares and now holds a total of 44,687 shares of Target Corporation which is valued at $3,366,272. Target Corporation makes up approx 0.10% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Kanaly Trust Co reduced its stake in TGT by selling 109 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 1,380 shares of TGT which is valued at $103,390. Target Corporation makes up approx 0.02% of Kanaly Trust Co’s portfolio.Jacobs Coca reduced its stake in TGT by selling 91 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 98,373 shares of TGT which is valued at $7,197,952. Target Corporation makes up approx 1.65% of Jacobs Coca’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 Companys brands include Archer Farms Simply Balanced Boots & Barkley Circo Embark Gilligan & OMalley Market Pantry Merona Room Essentials Smith & Hawken Spritz and Sutton & Dodge.