Target Corporation $TGT Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN boosted its stake in shares of Target Corporation (NYSE:TGT) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,302 shares of the retailer’s stock after acquiring an additional 4,112 shares during the quarter. OLD National Bancorp IN’s holdings in Target were worth $13,611,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TGT. First Trust Advisors LP raised its stake in shares of Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after buying an additional 124,371 shares during the period. Winning Points Advisors LLC acquired a new stake in Target in the 4th quarter valued at $611,000. Franklin Resources Inc. grew its stake in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after acquiring an additional 142,937 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Target by 15.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after acquiring an additional 45,803 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in Target by 7.5% in the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after acquiring an additional 10,839 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the 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 sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TGT shares. Roth Mkm reaffirmed a “neutral” rating and set a $114.00 price objective on shares of Target in a report on Friday, May 22nd. KeyCorp reissued a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Mizuho set a $120.00 price target on shares of Target in a research report on Thursday, March 5th. BMO Capital Markets raised their price target on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $129.00.

Target Stock Performance

NYSE:TGT opened at $139.65 on Friday. The company has a market cap of $63.43 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.76 and a beta of 1.00. Target Corporation has a twelve month low of $83.44 and a twelve month high of $142.82. The company’s 50-day moving average price is $127.65 and its 200-day moving average price is $116.43. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

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

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.3%. Target’s dividend payout ratio (DPR) is 60.24%.

About Target

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.