Target Corp Com (TGT) Shareholder Edgar Lomax Co Lifted Its Stake

August 25, 2018 - By Catherine Diaz

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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 $72.55M, 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 $46.55 billion market cap company. The stock increased 0.69% or $0.6 during the last trading session, reaching $87.31. About 4.51M 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 Allstate Corporation (NYSE:ALL) by 147,850 shares to 675,026 shares, valued at $63.99M in 2018Q1, according to the filing. It also reduced its holding in General Dynamics Corp Com (NYSE:GD) by 104,675 shares in the quarter, leaving it with 70,314 shares, and cut its stake in United Parcel Service Cl B (NYSE:UPS).

More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: “Target rallies after comparable sales dazzle” on August 22, 2018, also 247Wallst.com with their article: “6 Most Impotant Things in Business Today” published on August 23, 2018, Fool.com published: “Is Target Now a Turnaround Buy?” on August 24, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “How Low Can JC Penney Stock Go?” published on August 23, 2018 as well as Seekingalpha.com‘s news article titled: “Wolfe Research takes profit on Target” with publication date: August 23, 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 rating was initiated by Credit Suisse on Monday, March 5 with “Buy”. The rating was maintained by Stifel Nicolaus on Thursday, August 23 with “Hold”. Robert W. Baird maintained Target Corporation (NYSE:TGT) on Thursday, August 23 with “Outperform” rating. The rating was maintained by Wells Fargo with “Market Perform” on Thursday, August 23. UBS maintained the shares of TGT in report on Thursday, August 23 with “Neutral” rating. Robert W. Baird maintained the stock with “Buy” rating in Monday, June 4 report. The company was maintained on Monday, March 5 by Susquehanna. The rating was maintained by Tigress Financial on Monday, April 2 with “Buy”. UBS maintained Target Corporation (NYSE:TGT) rating on Friday, August 17. UBS has “Neutral” rating and $85 target. The stock has “Buy” rating by M Partners on Tuesday, June 5.

Target Corporation (NYSE:TGT) Ratings Chart

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