QRG Capital Management Inc. Buys 19,106 Shares of Target Corporation $TGT

QRG Capital Management Inc. increased its stake in Target Corporation (NYSE:TGT) by 32.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 78,204 shares of the retailer’s stock after buying an additional 19,106 shares during the quarter. QRG Capital Management Inc.’s holdings in Target were worth $9,478,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. Crawford Investment Counsel Inc. lifted its holdings in Target by 0.4% during the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock worth $1,971,000 after purchasing an additional 90 shares in the last quarter. Valtinson Bruner Financial Planning LLC grew its holdings in Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after buying an additional 92 shares in the last quarter. Auxano Advisors LLC grew its holdings in Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after buying an additional 93 shares in the last quarter. Davidson Trust Co. increased its position in shares of Target by 3.3% during the first quarter. Davidson Trust Co. now owns 2,984 shares of the retailer’s stock valued at $362,000 after buying an additional 94 shares during the period. Finally, Neumann Capital Management LLC increased its position in shares of Target by 0.8% during the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after buying an additional 100 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the transaction, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Target Stock Performance

NYSE:TGT opened at $130.31 on Friday. The stock has a market cap of $59.19 billion, a P/E ratio of 17.21, a PEG ratio of 2.54 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $128.22 and its two-hundred day moving average price is $117.85. Target Corporation has a twelve month low of $83.44 and a twelve month high of $142.82.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.Target’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.6%. Target’s dividend payout ratio (DPR) is presently 60.24%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on shares of Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Telsey Advisory Group increased their target price on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a report on Monday, June 15th. Twelve analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $130.64.

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.