Glenview Trust Co Decreases Stock Holdings in Target Corporation $TGT

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Winning Points Advisors LLC purchased a new stake in shares of Target during the 4th quarter valued at $611,000. Franklin Resources Inc. boosted its position in shares of 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 purchasing an additional 142,937 shares in the last quarter. Bogart Wealth LLC grew its stake in Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock worth $13,453,000 after buying an additional 32,746 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich purchased a new position in Target during the 1st quarter worth $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Target during the 4th quarter valued at about $27,470,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TGT shares. Zacks Research cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. TD Cowen boosted their price target on Target from $155.00 to $160.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Barclays upped their price objective on shares of Target from $115.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, August 19th. Citigroup increased their price objective on shares of Target from $148.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Finally, DA Davidson lifted their target price on shares of Target from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Eleven investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $159.52.

Insider Buying and Selling

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were 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 directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction that occurred 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 approximately $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $165.80 on Friday. The stock has a 50-day moving average of $143.57 and a two-hundred day moving average of $129.63. Target Corporation has a one year low of $83.44 and a one year high of $170.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The stock has a market cap of $75.30 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.06 and a beta of 0.97.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts predict that Target Corporation will post 8.84 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, August 12th. Target’s payout ratio is currently 48.18%.

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.