QRG Capital Management Inc. Grows Stock Position in Target Corporation $TGT

Key Points

• QRG Capital Management increased its Target stake by 13.2% in the second quarter, bringing its holdings to 88,495 shares valued at approximately $11.6 million. Institutional investors collectively own 79.73% of Target.
• Target reported stronger-than-expected quarterly results, with EPS of $4.11 versus the $2.35 consensus and revenue of $26.54 billion, up 5.3% year over year. The company maintained fiscal 2026 EPS guidance of $9.90–$10.90.
• Target declared a quarterly dividend of $1.16 per share, equating to an annualized $4.64 dividend and a 3.0% yield. Analysts remain divided, with a consensus “Hold” rating and an average price target of $159.52.

QRG Capital Management Inc. increased its holdings in Target Corporation (NYSE:TGT - Free Report) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,495 shares of the retailer's stock after buying an additional 10,291 shares during the quarter. QRG Capital Management Inc.'s holdings in Target were worth $11,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kimelman & Baird LLC bought a new position in shares of Target in the second quarter worth about $26,000. Richardson Financial Services Inc. purchased a new position in Target during the second quarter valued at approximately $26,000. Archer Investment Corp purchased a new position in shares of Target during the 2nd quarter valued at $30,000. Capital Advisors Ltd. LLC boosted its holdings in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer's stock worth $33,000 after buying an additional 194 shares during the period. Finally, Field & Main Bank increased its stake in Target by 47.5% in the 2nd quarter. Field & Main Bank now owns 295 shares of the retailer's stock worth $39,000 after buying an additional 95 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

Target stock opened at $156.17 on Thursday. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.96 and a beta of 0.99. The firm's fifty day moving average is $153.62 and its 200 day moving average is $135.51. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $2.05 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts forecast that Target Corporation will post 8.85 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. Target's dividend payout ratio is 48.18%.

Insider Buying and Selling

In other news, insider Melissa Kremer sold 15,500 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider directly owned 56,981 shares of the company's stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew Liegel sold 926 shares of Target stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on TGT. The Goldman Sachs Group increased their target price on Target from $127.00 to $161.00 and gave the stock a "neutral" rating in a research report on Thursday, August 20th. Roth Capital reaffirmed a "neutral" rating and set a $142.00 price objective on shares of Target in a report on Thursday, August 20th. Zacks Research downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Royal Bank Of Canada raised their target price on shares of Target from $166.00 to $178.00 and gave the company an "outperform" rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Target from $129.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of "Hold" and a consensus target price of $159.52.

About Target

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.

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