Glenview Trust Co Sells 140,929 Shares of Target Corporation $TGT

Glenview Trust Co cut its holdings in Target Corporation (NYSE:TGT) by 60.4% during the fourth quarter, HoldingsChannel reports. The firm owned 92,323 shares of the retailer’s stock after selling 140,929 shares during the period. Glenview Trust Co’s holdings in Target were worth $9,025,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TGT. WFA of San Diego LLC bought a new position in shares of Target in the second quarter worth about $25,000. Global Wealth Strategies & Associates increased its stake in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Target in the fourth quarter worth about $30,000. Key Financial Inc increased its stake in shares of Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of Target by 168.9% in the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after purchasing an additional 223 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Up 0.0%

TGT stock opened at $125.62 on Monday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The company has a market cap of $57.05 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. The business’s 50-day simple moving average is $122.49 and its 200 day simple moving average is $109.74. The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same period last year, the business earned $1.30 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 60.24%.

Trending Headlines about Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target’s first-quarter earnings beat expectations, with EPS of $1.71 versus $1.47 expected and revenue of $25.44 billion topping estimates. Management also said the results validate its refreshed strategy, citing 6.7% sales growth and 4.4% traffic growth, while raising its outlook. Article: TGT Q1 Earnings Call Highlights Early Strategy Gains
• Positive Sentiment: Several Wall Street firms raised their price targets after the earnings report, including DA Davidson to $155 from $140 with a buy rating, Telsey Advisory Group to $150 from $148 with an outperform rating, and Robert W. Baird to $135 from $125. These upgrades suggest analysts see more upside in Target’s recovery. Article: Analyst price target increases for Target
• Neutral Sentiment: Additional commentary highlighted Target’s long-term turnaround potential, with one analysis asking whether the stock could reach $175 by 2027, but the piece was largely speculative rather than based on a new fundamental catalyst. Article: Prediction: Can Target Stock Reach $175 by 2027?
• Negative Sentiment: Not all the news was upbeat: Freedom Capital downgraded Target to hold from strong-buy, and some recent articles warned that competition from Walmart and Costco, plus concerns about consumer sentiment, could pressure the turnaround if spending weakens. Article: Target downgrade and cautionary commentary

Analysts Set New Price Targets

A number of equities analysts have recently commented on TGT shares. Roth Mkm reiterated a “neutral” rating and issued a $114.00 price objective on shares of Target in a research note on Friday. Argus set a $150.00 price objective on Target in a research note on Friday. Truist Financial lifted their price objective on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday. Evercore set a $130.00 price objective on Target in a research note on Monday, May 18th. Finally, Robert W. Baird lifted their target price on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.93.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

About Target

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.