US Bancorp DE Sells 293,103 Shares of Target Corporation $TGT

US Bancorp DE decreased its position in shares of Target Corporation (NYSE:TGT) by 20.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,119,979 shares of the retailer’s stock after selling 293,103 shares during the quarter. US Bancorp DE’s holdings in Target were worth $109,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. WFA of San Diego LLC bought a new position in shares of Target during the 2nd quarter worth $25,000. Global Wealth Strategies & Associates grew its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Target during the 4th quarter worth $30,000. Key Financial Inc grew its position in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares in the last quarter. Finally, True Wealth Design LLC grew its position in shares of Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after buying an additional 223 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane increased their price target on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 price target on shares of Target in a research report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. UBS Group increased their price target on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, DA Davidson increased their price target on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Eleven research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.39.

Target Trading Up 1.5%

Target stock opened at $129.75 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $133.10. The stock has a market cap of $58.93 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 5.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The stock has a 50-day moving average of $120.55 and a two-hundred day moving average of $106.41.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same period last year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts anticipate that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Target Company 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.