10 Best Grocery Stocks To Invest In Now

4. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 52

Target Corporation (NYSE:TGT), based in Minneapolis, Minnesota, is a leading American retailer known for its discount department stores and hypermarkets. The company offers a wide range of products, including clothing, electronics, home goods, and groceries, and is renowned for its accessible locations and competitive pricing.

On October 22, Jefferies reaffirmed a Buy rating and set a price target of $195 on Target Corporation (NYSE:TGT), following Target’s announcement of additional price cuts across 2,000 items. These reductions, covering both discretionary goods and essentials under national and private label brands, bring the year-to-date total of price cuts to 10,000. The strategy is aimed at driving customer traffic and boosting sales as the holiday season nears, a tactic historically linked to an uptick in customer visits and online shopping activity.

In Q2, Target Corporation (NYSE:TGT) posted strong results, with comparable sales rising 2%, earnings per share jumping 42% to $2.57, and revenue growing 2.75% in fiscal Q2 2025, thanks to increased foot traffic. Additionally, the retailer declared a quarterly dividend of $1.12 per share and completed a $750 million notes sale through an agreement with multiple banks.

Carillon Eagle Growth & Income Fund stated the following regarding Target Corporation (NYSE:TGT) in its Q2 2024 investor letter:

“Target Corporation’s (NYSE:TGT) sales continue to feel the consumer softness in discretionary goods. In addition, while margins are recovering, they are not up to expectations. Encouragingly, sales are sequentially increasing and comparable sales are expected to get easier as Target enters the back half of the year.”