Target Corp (TGT) Shares Rose While Smead Capital Management INC Has Raised by $4.97 Million Its Stake

April 21, 2018 - By Dolores Ford

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Smead Capital Management Inc increased its stake in Target Corp (TGT) by 5.63% based on its latest 2017Q4 regulatory filing with the SEC. Smead Capital Management Inc bought 76,440 shares as the company’s stock rose 4.77% while stock markets declined. The institutional investor held 1.43 million shares of the department and specialty retail stores company at the end of 2017Q4, valued at $93.61M, up from 1.36M at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Target Corp for a number of months, seems to be bullish on the $37.89B market cap company. The stock decreased 0.93% or $0.66 during the last trading session, reaching $70.32. About 4.11M shares traded. Target Corporation (NYSE:TGT) has risen 28.46% since April 21, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

Smead Capital Management Inc, which manages about $762.03M and $2.20B US Long portfolio, decreased its stake in Paypal Hldgs Inc by 48,646 shares to 999,465 shares, valued at $73.58 million in 2017Q4, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 29,183 shares in the quarter, leaving it with 649,489 shares, and cut its stake in Home Depot Inc (NYSE:HD).

Target Corporation (NYSE:TGT) Ratings Coverage

Among 15 analysts covering Target (NYSE:TGT), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Target had 23 analyst reports since November 3, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, April 2 by Tigress Financial. The stock has “Hold” rating by Jefferies on Tuesday, January 9. Bank of America maintained the stock with “Buy” rating in Tuesday, January 9 report. As per Tuesday, January 9, the company rating was maintained by BMO Capital Markets. The stock of Target Corporation (NYSE:TGT) has “Buy” rating given on Friday, February 16 by Susquehanna. The firm has “Hold” rating by Barclays Capital given on Friday, January 5. The stock of Target Corporation (NYSE:TGT) has “Hold” rating given on Tuesday, January 9 by Robert W. Baird. Susquehanna upgraded Target Corporation (NYSE:TGT) on Wednesday, January 10 to “Positive” rating. As per Wednesday, February 14, the company rating was upgraded by Robert W. Baird. The firm earned “Hold” rating on Tuesday, January 9 by Stifel Nicolaus.

Target Corporation (NYSE:TGT) Ratings Chart

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