Jones Financial Companies Lllp Lowers stake in Target Corporation (TGT)

Target Corporation (TGT) : Jones Financial Companies Lllp reduced its stake in Target Corporation by 9.95% during the most recent quarter end. The investment management company now holds a total of 91,945 shares of Target Corporation which is valued at $6,635,671 after selling 10,155 shares in Target Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Target Corporation makes up approximately 0.03% of Jones Financial Companies Lllp’s portfolio.

Other Hedge Funds, Including , Glassman Wealth Services added TGT to its portfolio by purchasing 124 company shares during the most recent quarter which is valued at $8,949. Target Corporation makes up approx 0.01% of Glassman Wealth Services’s portfolio.Delphi Private Advisors reduced its stake in TGT by selling 100 shares or 62.5% in the most recent quarter. The Hedge Fund company now holds 60 shares of TGT which is valued at $4,000. Target Corporation makes up approx 0.01% of Delphi Private Advisors’s portfolio.Tarbox Group boosted its stake in TGT in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 278 shares of Target Corporation which is valued at $19,107. Target Corporation makes up approx 0.01% of Tarbox Group’s portfolio.Capital One National Association reduced its stake in TGT by selling 948 shares or 11.37% in the most recent quarter. The Hedge Fund company now holds 7,389 shares of TGT which is valued at $507,846. Target Corporation makes up approx 0.04% of Capital One National Association’s portfolio.

Target Corporation opened for trading at $75.9 and hit $76.39 on the upside on Monday, eventually ending the session at $76.19, with a gain of 0.08% or 0.06 points. The heightened volatility saw the trading volume jump to 60,57,511 shares. Company has a market cap of $42,947 M.

On the company’s financial health, Target Corporation reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Nov 16, 2016. Analyst had a consensus of $0.83. The company had revenue of $16441.00 million for the quarter, compared to analysts expectations of $16303.40 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Target Corporation. Company shares were Reiterated by Telsey Advisory Group on Nov 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 84 from a previous price target of $82 .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 .

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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