Kraton (KRA) Market Valuation Rose While Lumbard & Kellner Lowered Position by $308,000; As Target (TGT) Stock Price Declined, Holder Pillar Pacific Capital Management Decreased by $367,688 Its Holding

February 15, 2018 - By Clifton Ray

Pillar Pacific Capital Management Llc decreased its stake in Target Corporation (TGT) by 29.11% based on its latest 2017Q3 regulatory filing with the SEC. Pillar Pacific Capital Management Llc sold 6,232 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 15,177 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $896,000, down from 21,409 at the end of the previous reported quarter. Pillar Pacific Capital Management Llc who had been investing in Target Corporation for a number of months, seems to be less bullish one the $41.16 billion market cap company. The stock increased 0.49% or $0.37 during the last trading session, reaching $75.72. About 1.74M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since February 15, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Lumbard & Kellner Llc decreased its stake in Kraton Corporation (KRA) by 5.65% based on its latest 2017Q3 regulatory filing with the SEC. Lumbard & Kellner Llc sold 7,700 shares as the company’s stock rose 27.98% with the market. The institutional investor held 128,483 shares of the basic industries company at the end of 2017Q3, valued at $5.20M, down from 136,183 at the end of the previous reported quarter. Lumbard & Kellner Llc who had been investing in Kraton Corporation for a number of months, seems to be less bullish one the $1.56 billion market cap company. The stock decreased 0.06% or $0.03 during the last trading session, reaching $49.96. About 81,145 shares traded. Kraton Corporation (NYSE:KRA) has risen 32.40% since February 15, 2017 and is uptrending. It has outperformed by 15.70% the S&P500.

Pillar Pacific Capital Management Llc, which manages about $683.62 million and $777.04 million US Long portfolio, upped its stake in Weibo International (NASDAQ:WB) by 4,195 shares to 83,298 shares, valued at $8.24 million in 2017Q3, according to the filing. It also increased its holding in Wyndham Worldwide Corp (NYSE:WYN) by 4,050 shares in the quarter, for a total of 30,815 shares, and has risen its stake in Activision Blizzard Inc (NASDAQ:ATVI).

Among 28 analysts covering Target Corporation (NYSE:TGT), 9 have Buy rating, 3 Sell and 16 Hold. Therefore 32% are positive. Target Corporation had 83 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, February 8 with “Hold”. Cowen & Co maintained it with “Hold” rating and $64.0 target in Thursday, September 28 report. The company was maintained on Friday, August 18 by Bank of America. Robert W. Baird maintained it with “Hold” rating and $55.0 target in Monday, October 2 report. The company was maintained on Thursday, February 25 by Cowen & Co. The company was initiated on Monday, November 9 by Citigroup. Barclays Capital upgraded the shares of TGT in report on Friday, January 5 to “Hold” rating. As per Friday, January 20, the company rating was reinitiated by Stifel Nicolaus. As per Saturday, August 22, the company rating was maintained by Morgan Stanley. The stock of Target Corporation (NYSE:TGT) has “Neutral” rating given on Thursday, August 18 by Goldman Sachs.

Analysts await Target Corporation (NYSE:TGT) to report earnings on February, 27. They expect $1.19 EPS, down 17.93% or $0.26 from last year’s $1.45 per share. TGT’s profit will be $646.85 million for 15.91 P/E if the $1.19 EPS becomes a reality. After $0.91 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

Analysts await Kraton Corporation (NYSE:KRA) to report earnings on February, 26. They expect $0.79 earnings per share, up 172.41% or $0.50 from last year’s $0.29 per share. KRA’s profit will be $24.73M for 15.81 P/E if the $0.79 EPS becomes a reality. After $1.51 actual earnings per share reported by Kraton Corporation for the previous quarter, Wall Street now forecasts -47.68% negative EPS growth.

Since September 29, 2017, it had 0 buys, and 3 selling transactions for $1.22 million activity. Jung Holger R. also sold $840,374 worth of Kraton Corporation (NYSE:KRA) shares. $329,360 worth of Kraton Corporation (NYSE:KRA) was sold by Simmons James Leo on Friday, October 27.

Among 4 analysts covering Kraton Performance Polymers (NYSE:KRA), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Kraton Performance Polymers had 6 analyst reports since October 27, 2015 according to SRatingsIntel. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, September 1. On Thursday, October 26 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Sell” rating on Wednesday, October 25 by UBS. SunTrust maintained the shares of KRA in report on Wednesday, October 11 with “Buy” rating. On Tuesday, October 27 the stock rating was downgraded by UBS to “Sell”.

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