Target Corporation $TGT Shares Sold by Glenview Trust Co

Glenview Trust Co decreased its position in Target Corporation (NYSE:TGT) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,355 shares of the retailer’s stock after selling 5,646 shares during the period. Glenview Trust Co’s holdings in Target were worth $9,842,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Target during the 2nd quarter valued at about $5,054,604,000. Bank of New York Mellon Corp purchased a new position in shares of Target in the 2nd quarter valued at about $831,466,000. Norges Bank acquired a new position in Target in the 4th quarter worth about $587,903,000. TOMS Capital Investment Management LP acquired a new position in Target in the 4th quarter worth about $257,571,000. Finally, Jupiter Topco LLC acquired a new position in Target in the 2nd quarter worth about $320,006,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 1.1%

Shares of Target stock opened at $165.80 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The firm has a market capitalization of $75.30 billion, a PE ratio of 17.22, a P/E/G ratio of 3.06 and a beta of 0.97. The firm’s 50-day moving average price is $143.57 and its 200 day moving average price is $129.63.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The company had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the business earned $2.05 EPS. Target’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. On average, sell-side analysts predict that Target Corporation will post 8.84 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared 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 a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. Target’s dividend payout ratio (DPR) is presently 48.18%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wolfe Research set a $169.00 price objective on Target in a report on Monday, August 3rd. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Roth Capital reiterated a “neutral” rating and set a $142.00 target price on shares of Target in a research report on Thursday, August 20th. Argus set a $150.00 price target on shares of Target in a research note on Friday, May 22nd. Finally, Telsey Advisory Group boosted their price target on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $159.52.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares of the company’s stock, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by corporate insiders.

Target 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.