Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 9,677 Shares of Target Corporation $TGT

Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Target Corporation (NYSE:TGT) by 75.8% in the 1st quarter, Holdings Channel reports. The firm owned 22,444 shares of the retailer’s stock after purchasing an additional 9,677 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Target were worth $2,720,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in shares of Target by 10.9% in the third 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 last quarter. Winning Points Advisors LLC acquired a new position in Target in the 4th quarter valued at $611,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake 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 valued at $30,721,000 after buying an additional 45,803 shares during the last quarter. Franklin Resources Inc. raised its holdings in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after acquiring an additional 142,937 shares during the period. Finally, Mather Group LLC. raised 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 during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $130.82 on Monday. 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 $59.42 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 2.55 and a beta of 1.00. The company’s fifty day moving average is $126.43 and its two-hundred day moving average is $115.16. Target Corporation has a 52-week low of $83.44 and a 52-week high of $137.87.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The firm’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. Equities research analysts forecast that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.5%. Target’s payout ratio is currently 60.24%.

Analysts Set New Price Targets

A number of research firms have issued reports on TGT. Evercore set a $130.00 price target on shares of Target in a report on Monday, May 18th. Citigroup lifted their price objective on Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Truist Financial increased their target price on Target from $123.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Finally, Oppenheimer raised their target price on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $126.11.

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.