Comerica Bank Has $16.26 Million Stake in Target Corporation (TGT)

Target's holiday outlook isn't very merry

George Frey Getty Images Shoppers purchase a TV at Target on Black Friday in Orem Utah on Nov. 24 2016

The fund owned 36,212 shares of the retailer's stock after acquiring an additional 2,629 shares during the period. Comerica Bank's holdings in Target Corporation were worth $16,258,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TGT. (NYSE:PEP) news were published by: Nasdaq.com which released: "Texan Capital Management Buys Main Street Capital Corp, PepsiCo Inc, Sells ..." on October 27, 2017, also Forbes.com with their article: "Pepsico Stock A Dividend Growth Darling With Strong Corporate Governance ..." published on November 08, 2017, Dividend.com published: "PepsiCo, Inc.: With Soda Demand Falling, Pepsi Continues to Thrive" on October 25, 2017. Finally, California Public Employees Retirement System increased its position in shares of Target Corporation by 5.3% during the third quarter.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction dated Friday, September 15th. Ropes Wealth Advisors LLC now owns 1,527 shares of the retailer's stock valued at $107,000 after buying an additional 127 shares during the period. Boston Private Wealth LLC raised its position in shares of Target Corporation by 4.5% in the 2nd quarter. Finally, Loomis Sayles & Co. Investment Counsel ADV raised its holdings in shares of Target Corporation by 4.7% during the second quarter. L P now owns 2,201 shares of the retailer's stock valued at $154,000 after buying an additional 42 shares during the period. Institutional investors own 83.51% of the company's stock. (NYSE:TGT) opened at 73.50 on Monday. The firm has a market cap of $29,580.00, a price-to-earnings ratio of 12.19, a P/E/G ratio of 5.38 and a beta of 0.63. Target has recorded a 50-day average of $59.00 and a two hundred day average of $55.85. The original version of this article can be accessed at https://stocknewstimes.com/2017/11/16/one-capital-management-llc-grows-stake-in-target-corporation-tgt.html. The retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Revenue during the quarter was $16.43 billion, representing 2% growth from $16.17 billion in year-ago quarter.

In its third quarter, Traget's net earnings fell 21 percent to $480 million from last year's $608 million.

Analysts expect earnings of $4.52 per share for the year. This is a mediocre outlook for TGT stock as the high end of those expectations is just above Wall Street's earnings per share estimate of $1.24 for the fourth quarter.

A number of research firms recently issued reports on TGT. Zacks Investment Research lowered shares of Target Corporation from a "buy" rating to a "hold" rating in a research report on Monday, October 23rd.

Among 26 analysts covering Target Corporation (NYSE:TGT), 7 have Buy rating, 3 Sell and 16 Hold. Buckingham Research increased their price target on shares of Target Corp.to $85.00 in a report on Wednesday, November 16th. Citigroup maintained the shares of TGT in report on Thursday, August 18 with "Buy" rating. Miller Tabak initiated it with "Buy" rating and $87 target in Friday, July 29 report. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus price target of $63.60.

About 3.51 million shares traded. Putnam Invests Ltd Liability owns 365,183 shares for 0.01% of their portfolio.

Target Corporation offers everyday essentials and merchandise to its customers.

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels.

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