Kidder Stephen W buys $2,487,698 stake in Target Corporation (TGT)

Target Corporation (TGT) : Kidder Stephen W scooped up 3,260 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 33,613 shares of Target Corporation which is valued at $2,487,698.Target Corporation makes up approximately 0.96% of Kidder Stephen W’s portfolio.

Other Hedge Funds, Including , Marble Harbor Investment Counsel reduced its stake in TGT by selling 350 shares or 5.8% in the most recent quarter. The Hedge Fund company now holds 5,680 shares of TGT which is valued at $420,377. Target Corporation makes up approx 0.10% of Marble Harbor Investment Counsel’s portfolio.River Road Asset Management reduced its stake in TGT by selling 228,096 shares or 21.96% in the most recent quarter. The Hedge Fund company now holds 810,589 shares of TGT which is valued at $60,745,540. Target Corporation makes up approx 1.24% of River Road Asset Management’s portfolio.Sit Investment Associates Inc reduced its stake in TGT by selling 336,435 shares or 44.79% in the most recent quarter. The Hedge Fund company now holds 414,775 shares of TGT which is valued at $31,245,001. Target Corporation makes up approx 0.80% of Sit Investment Associates Inc’s portfolio.Newsquare Capital reduced its stake in TGT by selling 14 shares or 29.17% in the most recent quarter. The Hedge Fund company now holds 34 shares of TGT which is valued at $2,559.

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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