Community Bank N.A. Decreases Stock Holdings in Target Corporation $TGT

Community Bank N.A. reduced its position in shares of Target Corporation (NYSE:TGT) by 48.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,437 shares of the retailer’s stock after selling 5,024 shares during the quarter. Community Bank N.A.’s holdings in Target were worth $710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGT. WFA of San Diego LLC purchased a new stake in Target during the second quarter valued at $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target in the 4th quarter worth $25,000. Richardson Financial Services Inc. purchased a new position in shares of Target in the 2nd quarter worth $26,000. Kimelman & Baird LLC bought a new stake in shares of Target in the 2nd quarter worth about $26,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Target during the 4th quarter valued at about $26,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Target stock opened at $162.68 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The firm has a market capitalization of $73.91 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. The company’s 50-day moving average is $148.09 and its 200 day moving average is $132.35.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts forecast that Target Corporation will post 8.85 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were paid a $1.16 dividend. The ex-dividend date was Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 2.9%. Target’s payout ratio is 48.18%.

Wall Street Analyst Weigh In

Several research firms recently commented on TGT. Sanford C. Bernstein reiterated a “market perform” rating and issued a $154.00 price target on shares of Target in a research report on Thursday, August 20th. Oppenheimer raised their price objective on Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. 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. Finally, Citigroup boosted their target price on Target from $148.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $159.52.

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the sale, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the business’s stock in a transaction dated 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by company insiders.

Target Profile

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.