Lathrop Investment Management Corp Has Trimmed Stake in Target (TGT) as Stock Price Declined

February 24, 2018 - By Winifred Garcia

Lathrop Investment Management Corp decreased its stake in Target (TGT) by 57.54% based on its latest 2017Q3 regulatory filing with the SEC. Lathrop Investment Management Corp sold 85,271 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 62,922 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $3.29M, down from 148,193 at the end of the previous reported quarter. Lathrop Investment Management Corp who had been investing in Target for a number of months, seems to be less bullish one the $40.99 billion market cap company. The stock increased 0.51% or $0.38 during the last trading session, reaching $75.41. About 5.48M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since February 24, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Lathrop Investment Management Corp, which manages about $440.08M and $350.24 million US Long portfolio, upped its stake in Walmart (NYSE:WMT) by 47,084 shares to 169,360 shares, valued at $12.82 million in 2017Q3, according to the filing.

Analysts await Target Corporation (NYSE:TGT) to report earnings on March, 6 before the open. They expect $1.39 earnings per share, down 4.14 % or $0.06 from last year’s $1.45 per share. TGT’s profit will be $755.57M for 13.56 P/E if the $1.39 EPS becomes a reality. After $0.91 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 52.75 % EPS growth.

More notable recent Target Corporation (NYSE:TGT) news were published by: Investorplace.com which released: “Hit the Mark With This Pre-Earnings Target Corporation Trade” on February 07, 2018, also Investorplace.com with their article: “Don’t Let Target Corporation Stock Fool You At These Prices” published on February 21, 2018, Investorplace.com published: “Same Day Shipping Won’t Help Target Corporation Stock” on February 16, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Nasdaq.com and their article: “Target Corporation (TGT) Ex-Dividend Date Scheduled for February 20, 2018” published on February 16, 2018 as well as Seekingalpha.com‘s news article titled: “Target hits the fast lane with same-day delivery” with publication date: February 12, 2018.

Target Corporation (NYSE:TGT) Ratings Coverage

Among 28 analysts covering Target Corporation (NYSE:TGT), 9 have Buy rating, 3 Sell and 16 Hold. Therefore 32% are positive. Target Corporation had 84 analyst reports since July 21, 2015 according to SRatingsIntel. UBS maintained Target Corporation (NYSE:TGT) on Monday, June 19 with “Hold” rating. The stock has “Market Perform” rating by Cowen & Co on Monday, September 12. Citigroup maintained the stock with “Buy” rating in Thursday, August 18 report. The company was upgraded on Tuesday, September 8 by Vetr. Zacks upgraded the stock to “Hold” rating in Thursday, August 20 report. Robert W. Baird maintained Target Corporation (NYSE:TGT) on Monday, October 2 with “Hold” rating. The company was upgraded on Tuesday, August 25 by Vetr. The stock has “Buy” rating by Bank of America on Tuesday, January 9. On Friday, April 29 the stock rating was downgraded by Wolfe Research to “Peer Perform”. The company was upgraded on Wednesday, January 10 by Susquehanna.

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