Edgar Lomax Co Raised Its Holding in Target Corp Com (TGT) as Shares Declined

August 25, 2018 - By Sheila Anderson

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Edgar Lomax Co increased its stake in Target Corp Com (TGT) by 796.52% based on its latest 2018Q1 regulatory filing with the SEC. Edgar Lomax Co bought 928,375 shares as the company’s stock declined 7.40% with the market. The institutional investor held 1.04 million shares of the department and specialty retail stores company at the end of 2018Q1, valued at $72.55 million, up from 116,554 at the end of the previous reported quarter. Edgar Lomax Co who had been investing in Target Corp Com for a number of months, seems to be bullish on the $46.55B market cap company. The stock increased 0.69% or $0.6 during the last trading session, reaching $87.31. About 4.51 million shares traded. Target Corporation (NYSE:TGT) has risen 31.38% since August 25, 2017 and is uptrending. It has outperformed by 18.81% the S&P500.

Edgar Lomax Co, which manages about $1.38B and $1.39B US Long portfolio, decreased its stake in Duke Energy Corp Com (NYSE:DUK) by 146,550 shares to 106,681 shares, valued at $8.27 million in 2018Q1, according to the filing. It also reduced its holding in Emerson Elec Co Com (NYSE:EMR) by 471,100 shares in the quarter, leaving it with 139,166 shares, and cut its stake in Union Pac Corp Com (NYSE:UNP).

More notable recent Target Corporation (NYSE:TGT) news were published by: 247Wallst.com which released: “6 Most Impotant Things in Business Today” on August 23, 2018, also Seekingalpha.com with their article: “Wolfe Research takes profit on Target” published on August 23, 2018, Seekingalpha.com published: “How Low Can JC Penney Stock Go?” on August 23, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “Target rallies after comparable sales dazzle” published on August 22, 2018 as well as Seekingalpha.com‘s news article titled: “Target Corporation (TGT) CEO Brian Cornell on Q2 2018 Results – Earnings Call Transcript” with publication date: August 22, 2018.

Target Corporation (NYSE:TGT) Ratings Coverage

Among 10 analysts covering Target (NYSE:TGT), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Target had 14 analyst reports since February 26, 2018 according to SRatingsIntel. The firm has “Buy” rating by Tigress Financial given on Monday, April 2. The stock has “Buy” rating by Susquehanna on Monday, March 5. The firm has “Neutral” rating given on Thursday, August 23 by UBS. The company was maintained on Thursday, August 23 by Wells Fargo. The company was maintained on Thursday, August 23 by Robert W. Baird. Stifel Nicolaus maintained Target Corporation (NYSE:TGT) on Thursday, August 23 with “Hold” rating. Credit Suisse initiated Target Corporation (NYSE:TGT) rating on Monday, March 5. Credit Suisse has “Buy” rating and $86.0 target. The stock of Target Corporation (NYSE:TGT) earned “Equal-Weight” rating by Barclays Capital on Thursday, August 23. The rating was maintained by Robert W. Baird on Monday, June 4 with “Buy”. M Partners maintained Target Corporation (NYSE:TGT) on Tuesday, June 5 with “Buy” rating.

Target Corporation (NYSE:TGT) Ratings Chart

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