NBT Bank N A NY Has $2.68 Million Stake in Target Corporation $TGT

NBT Bank N A NY cut its stake in shares of Target Corporation (NYSE:TGT) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,165 shares of the retailer’s stock after selling 1,287 shares during the quarter. NBT Bank N A NY’s holdings in Target were worth $2,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Target by 407.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after acquiring an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $595,839,000. Goldman Sachs Group Inc. raised its holdings in Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after acquiring an additional 1,406,653 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Target by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after purchasing an additional 370,967 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Target by 6.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock valued at $420,413,000 after buying an additional 229,670 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of several research analyst reports. Wedbush restated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Loop Capital set a $95.00 target price on Target in a research report on Thursday, July 17th. Citigroup lifted their target price on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Evercore ISI cut their price target on Target from $105.00 to $103.00 and set an “in-line” rating on the stock in a report on Tuesday. Finally, Royal Bank Of Canada boosted their price target on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.65.

Target Trading Up 0.4%

NYSE:TGT opened at $89.36 on Wednesday. The firm has a market cap of $40.60 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The stock has a fifty day moving average price of $95.25 and a 200 day moving average price of $97.27. Target Corporation has a 12-month low of $86.30 and a 12-month high of $161.50. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 5.1%. Target’s dividend payout ratio is currently 53.15%.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.