QRG Capital Management Inc. Has $5.15 Million Stock Holdings in Target Corporation $TGT

QRG Capital Management Inc. reduced its holdings in shares of Target Corporation (NYSE:TGT) by 27.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,372 shares of the retailer’s stock after selling 22,084 shares during the period. QRG Capital Management Inc.’s holdings in Target were worth $5,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. JNBA Financial Advisors boosted its holdings in Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its position in shares of Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after buying an additional 98 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in Target by 0.6% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after buying an additional 100 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares in the last quarter. Finally, Binnacle Investments Inc grew its position in Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after acquiring an additional 104 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $111.19 on Monday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $95.91 and its 200-day moving average is $96.10. The firm has a market capitalization of $50.35 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 12.10 and a beta of 1.12.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter in the previous year, the company posted $1.85 EPS. Target’s revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Sell-side analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Analyst Ratings Changes

TGT has been the subject of a number of analyst reports. BTIG Research started coverage on Target in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Argus decreased their price objective on shares of Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. Robert W. Baird cut their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. reduced their target price on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.67.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.