Target Corporation $TGT Shares Sold by Glenview Trust Co

Glenview Trust Co cut its stake in Target Corporation (NYSE:TGT) by 12.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,001 shares of the retailer’s stock after selling 11,322 shares during the period. Glenview Trust Co’s holdings in Target were worth $9,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares during the period. Woodline Partners LP lifted its stake in Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares in the last quarter. Sei Investments Co. grew its holdings in Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after acquiring an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Target by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after purchasing an additional 27,063 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a report on Thursday, June 11th. Piper Sandler reiterated a “neutral” rating on shares of Target in a research note on Friday, June 12th. Truist Financial increased their target price on Target from $123.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Zacks Research upgraded Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Citigroup raised their price target on Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $132.15.

Insider Activity

In related news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Target Price Performance

Shares of NYSE:TGT opened at $139.63 on Tuesday. The company’s fifty day moving average price is $129.77 and its 200 day moving average price is $120.88. Target Corporation has a 12 month low of $83.44 and a 12 month high of $144.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The firm has a market capitalization of $63.42 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.73 and a beta of 0.98.

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

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is presently 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.