Cullen Investment Group LTD. Has $574,000 Holdings in Target Corporation $TGT

Cullen Investment Group LTD. cut its holdings in Target Corporation (NYSE:TGT) by 8.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,822 shares of the retailer’s stock after selling 559 shares during the period. Cullen Investment Group LTD.’s holdings in Target were worth $574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in Target during the fourth quarter worth about $29,000. WPG Advisers LLC bought a new stake in Target during the first quarter worth about $32,000. 1248 Management LLC bought a new stake in Target during the first quarter worth about $38,000. Heck Capital Advisors LLC bought a new stake in Target during the fourth quarter worth about $40,000. Finally, Atwood & Palmer Inc. raised its holdings in Target by 951.4% during the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after acquiring an additional 352 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TGT. Truist Financial upped their target price on Target from $90.00 to $107.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Royal Bank Of Canada upped their price objective on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. The Goldman Sachs Group dropped their price objective on Target from $101.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 22nd. Finally, Loop Capital set a $95.00 price objective on Target in a research note on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.74.

Target Price Performance

Shares of NYSE TGT opened at $90.03 on Friday. The firm has a market cap of $40.91 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a 1-year low of $87.35 and a 1-year high of $161.50. The business’s 50 day moving average is $100.52 and its 200-day moving average is $100.14.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.