Lecap Asset Management Ltd. Makes New $460,000 Investment in Target Corporation $TGT

Lecap Asset Management Ltd. bought a new stake in Target Corporation (NYSE:TGT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,123 shares of the retailer’s stock, valued at approximately $460,000.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Robert W. Baird lowered their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Target in a research note on Friday, November 14th. TD Cowen dropped their price objective on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, November 20th. Sanford C. Bernstein lowered their target price on Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. Finally, Argus dropped their price target on Target from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, December 1st. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $102.83.

Target Trading Down 0.8%

TGT opened at $105.52 on Friday. The stock has a market capitalization of $47.78 billion, a PE ratio of 12.81, a P/E/G ratio of 11.57 and a beta of 1.12. Target Corporation has a one year low of $83.44 and a one year high of $145.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The business’s 50 day moving average price is $94.05 and its 200 day moving average price is $95.83.

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