R. G. Niederhoffer Capital Management Inc adds Target Corporation (TGT) to its portfolio

Target Corporation (TGT) : R. G. Niederhoffer Capital Management Inc added new position in Target Corporation during the most recent quarter end. The investment management firm now holds 19,300 shares of Target Corporation which is valued at $1,392,881 , the company said in a statement filed on Nov 14, 2016 with the SEC.Target Corporation makes up approximately 6.51% of R. G. Niederhoffer Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Etrade Capital Management reduced its stake in TGT by selling 10,526 shares or 98.36% in the most recent quarter. The Hedge Fund company now holds 175 shares of TGT which is valued at $12,630.Los Angeles Capital Management Equity Research Inc reduced its stake in TGT by selling 4,523 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 211,850 shares of TGT which is valued at $14,577,399. Target Corporation makes up approx 0.12% of Los Angeles Capital Management Equity Research Inc’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in TGT by selling 4,294 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 116,137 shares of TGT which is valued at $7,927,512. Target Corporation makes up approx 0.07% of Public Employees Retirement Association Of Colorado’s portfolio.Cambridge Advisors reduced its stake in TGT by selling 440 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 22,477 shares of TGT which is valued at $1,521,918. Target Corporation makes up approx 0.69% of Cambridge Advisors’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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