As Target Corp (TGT) Share Value Rose, Srb Corp Lowered Stake by $52.46 Million

May 17, 2018 - By James Guidry

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Srb Corp decreased its stake in Target Corp (TGT) by 67.28% based on its latest 2017Q4 regulatory filing with the SEC. Srb Corp sold 807,017 shares as the company’s stock rose 4.77% while stock markets declined. The institutional investor held 392,416 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $25.61 million, down from 1.20M at the end of the previous reported quarter. Srb Corp who had been investing in Target Corp for a number of months, seems to be less bullish one the $40.53 billion market cap company. The stock increased 0.52% or $0.39 during the last trading session, reaching $75.62. About 2.86M shares traded. Target Corporation (NYSE:TGT) has risen 28.46% since May 17, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

Srb Corp, which manages about $2.30B and $778.41M US Long portfolio, upped its stake in Merck & Co. Inc. (NYSE:MRK) by 540,000 shares to 1.88M shares, valued at $105.91M in 2017Q4, according to the filing.

Analysts await Target Corporation (NYSE:TGT) to report earnings on May, 23 before the open. They expect $1.38 EPS, up 14.05 % or $0.17 from last year’s $1.21 per share. TGT’s profit will be $739.58 million for 13.70 P/E if the $1.38 EPS becomes a reality. After $1.37 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 0.73 % EPS growth.

More notable recent Target Corporation (NYSE:TGT) news were published by: Streetinsider.com which released: “MKM Partners Remains Bullish on Target (TGT) Ahead of 1Q Release” on May 16, 2018, also Seekingalpha.com with their article: “Wolfe Research upgrades Target ahead of earnings” published on May 17, 2018, Finance.Yahoo.com published: “Are You An Income Investor? Don’t Miss Out On Target Corporation (NYSE:TGT)” on April 26, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Investorplace.com and their article: “Trade of the Day: Target (TGT)” published on May 15, 2018 as well as Bizjournals.com‘s news article titled: “Target’s AR tool lets makeup shoppers ‘try’ before they buy” with publication date: May 17, 2018.

Target Corporation (NYSE:TGT) Ratings Coverage

Among 14 analysts covering Target (NYSE:TGT), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. Target had 19 analyst reports since December 4, 2017 according to SRatingsIntel. The rating was upgraded by Susquehanna to “Positive” on Wednesday, January 10. The stock has “Buy” rating by Credit Suisse on Monday, March 5. The stock of Target Corporation (NYSE:TGT) has “Hold” rating given on Tuesday, January 9 by Stifel Nicolaus. The stock of Target Corporation (NYSE:TGT) has “Hold” rating given on Tuesday, January 9 by Jefferies. The stock has “Buy” rating by Bernstein on Thursday, December 14. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by Robert W. Baird on Tuesday, January 2. The rating was maintained by Robert W. Baird on Tuesday, January 9 with “Hold”. The rating was maintained by Susquehanna with “Buy” on Monday, March 5. The firm has “Buy” rating given on Monday, April 2 by Tigress Financial. The company was maintained on Tuesday, January 9 by BMO Capital Markets.

Target Corporation (NYSE:TGT) Ratings Chart

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