Hemenway Trust Co buys $6,700,273 stake in Target Corporation (TGT)

Target Corporation (TGT) : Hemenway Trust Co scooped up 9,250 additional shares in Target Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 90,532 shares of Target Corporation which is valued at $6,700,273.Target Corporation makes up approximately 1.70% of Hemenway Trust Co’s portfolio.

Other Hedge Funds, Including , Sanders Morris Harris reduced its stake in TGT by selling 4,696 shares or 45.9% in the most recent quarter. The Hedge Fund company now holds 5,534 shares of TGT which is valued at $416,434. Target Corporation makes up approx 0.11% of Sanders Morris Harris’s portfolio.Meritage Portfolio Management boosted its stake in TGT in the latest quarter, The investment management firm added 51,785 additional shares and now holds a total of 190,926 shares of Target Corporation which is valued at $14,304,176. Target Corporation makes up approx 1.56% of Meritage Portfolio Management’s portfolio. Quotient Investors sold out all of its stake in TGT during the most recent quarter. The investment firm sold 2,666 shares of TGT which is valued $195,071.

Target Corporation opened for trading at $75.58 and hit $76.23 on the upside on Monday, eventually ending the session at $75.53, with a gain of 0.43% or 0.32 points. The heightened volatility saw the trading volume jump to 53,73,376 shares. Company has a market cap of $44,508 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.

Many Wall Street Analysts have commented on Target Corporation. 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.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 .

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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