18,453 Shares of Target Corporation $TGT Purchased by NBT Bank N.A.

NBT Bank N.A. purchased a new stake in Target Corporation (NYSE:TGT) in the third quarter, HoldingsChannel reports. The fund purchased 18,453 shares of the retailer’s stock, valued at approximately $2,891,000.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Target in the second quarter worth about $5,054,604,000. Bank of New York Mellon Corp purchased a new stake in Target during the second quarter valued at approximately $831,466,000. Dimensional Fund Advisors LP raised its position in Target by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after purchasing an additional 411,608 shares during the period. Bank of America Corp DE raised its position in Target by 1.8% during the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after purchasing an additional 82,268 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Target by 12.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock valued at $589,642,000 after purchasing an additional 514,155 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In related news, insider Melissa K. Kremer sold 15,500 shares of the business’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 completion of the transaction, the insider owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 926 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the transaction, the chief accounting officer owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Guggenheim lifted their target price on Target from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Robert W. Baird set a $170.00 price target on Target in a report on Thursday, August 20th. JPMorgan Chase & Co. increased their price target on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Zacks Research upgraded Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Finally, Telsey Advisory Group lifted their price objective on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.33.

Target Stock Performance

Shares of NYSE:TGT opened at $158.07 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 12 month low of $83.44 and a 12 month high of $170.75. The company has a market capitalization of $71.81 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.82 and a beta of 0.98. The firm’s 50-day moving average is $157.84 and its 200 day moving average is $141.00.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts predict that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.9%. Target’s dividend payout ratio is currently 48.18%.

Target Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.