First National Bank of Hutchinson Buys New Position in Target Corporation $TGT

First National Bank of Hutchinson purchased a new position in shares of Target Corporation (NYSE:TGT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,737 shares of the retailer’s stock, valued at approximately $574,000.

Several other institutional investors also recently added to or reduced their stakes in TGT. WFA of San Diego LLC purchased a new stake in Target in the second quarter valued at approximately $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target during the fourth quarter worth approximately $26,000. Global Wealth Strategies & Associates grew its position in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on TGT. KeyCorp reiterated a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Wall Street Zen raised shares of Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Argus set a $150.00 price objective on shares of Target in a research note on Friday, May 22nd. Guggenheim upped their target price on shares of Target from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, DA Davidson increased their target price on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $130.64.

Target Price Performance

Shares of NYSE TGT opened at $134.01 on Wednesday. The stock has a fifty day moving average price of $128.61 and a 200 day moving average price of $119.71. Target Corporation has a 1-year low of $83.44 and a 1-year high of $142.82. 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 company has a market cap of $60.87 billion, a PE ratio of 17.70, a P/E/G ratio of 2.63 and a beta of 0.98.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts forecast that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

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

Target 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.