Woodley Farra Manion Portfolio Management Inc buys $18,147,126 stake in Target Corporation (TGT)

Target Corporation (TGT) : Woodley Farra Manion Portfolio Management Inc scooped up 1,516 additional shares in Target Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 243,651 shares of Target Corporation which is valued at $18,147,126.Target Corporation makes up approximately 2.75% of Woodley Farra Manion Portfolio Management Inc’s portfolio.

Other Hedge Funds, Including , Carlton Hofferkamp Jenks Wealth Management boosted its stake in TGT in the latest quarter, The investment management firm added 2,055 additional shares and now holds a total of 12,120 shares of Target Corporation which is valued at $902,698. Target Corporation makes up approx 0.69% of Carlton Hofferkamp Jenks Wealth Management’s portfolio. Barometer Capital Management sold out all of its stake in TGT during the most recent quarter. The investment firm sold 6,300 shares of TGT which is valued $465,948.Punch Associates Investment Management boosted its stake in TGT in the latest quarter, The investment management firm added 334 additional shares and now holds a total of 59,694 shares of Target Corporation which is valued at $4,414,968. Target Corporation makes up approx 0.49% of Punch Associates Investment Management’s portfolio.Capital Analysts boosted its stake in TGT in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 1,275 shares of Target Corporation which is valued at $94,299. Target Corporation makes up approx 0.02% of Capital Analysts’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TGT by selling 70,024 shares or 34.02% in the most recent quarter. The Hedge Fund company now holds 135,831 shares of TGT which is valued at $9,686,109. Target Corporation makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.

Target Corporation opened for trading at $74.2 and hit $74.5 on the upside on Wednesday, eventually ending the session at $74.48, with a gain of 0.72% or 0.53 points. The heightened volatility saw the trading volume jump to 28,02,318 shares. Company has a market cap of $43,889 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.

Investors should note that on Jun 8, 2016, Target Corporation announced a cash dividend of $0.6000. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Sep 10, 2016.

Many Wall Street Analysts have commented on Target Corporation. 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 .Shares were Reiterated by MKM Partners on May 19, 2016 to “Neutral” and Lowered the Price Target to $ 73 from a previous price target of $81 .Shares were Reiterated by Barclays on May 19, 2016 to “Underweight” and Lowered the Price Target to $ 65 from a previous price target of $70 .

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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