5,123 Shares in Target Corporation $TGT Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new stake in Target Corporation (NYSE:TGT) in the 3rd quarter, Holdings Channel.com reports. The fund bought 5,123 shares of the retailer’s stock, valued at approximately $460,000.

A number of other large investors also recently added to or reduced their stakes in TGT. Vanguard Group Inc. grew its stake in shares of Target by 14.7% in the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after buying an additional 6,607,982 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Target during the 2nd quarter valued at about $595,839,000. Norges Bank purchased a new position in Target during the 2nd quarter valued at about $578,009,000. State Street Corp grew its position in Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Target by 133.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after purchasing an additional 1,273,129 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Wolfe Research reissued an “underperform” rating and issued a $81.00 price objective on shares of Target in a research note on Tuesday, December 30th. BMO Capital Markets reduced their target price on shares of Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Thursday, November 20th. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Target in a research note on Monday, October 27th. Evercore ISI reduced their price objective on Target from $100.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 9th. Finally, BTIG Research began coverage on Target in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $102.83.

Target Stock Performance

Shares of TGT stock opened at $105.52 on Friday. The company has a market cap of $47.78 billion, a P/E ratio of 12.81, a PEG ratio of 11.57 and a beta of 1.12. The firm has a fifty day moving average price of $94.05 and a 200 day moving average price of $95.83. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08.

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

Target 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.