Grove Bank & Trust Has $63,000 Holdings in Target Corporation $TGT

Grove Bank & Trust cut its holdings in Target Corporation (NYSE:TGT) by 91.6% in the fourth quarter, HoldingsChannel reports. The firm owned 641 shares of the retailer’s stock after selling 7,025 shares during the period. Grove Bank & Trust’s holdings in Target were worth $63,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TGT. WFA of San Diego LLC bought a new stake in shares of Target during the 2nd quarter worth about $25,000. Global Wealth Strategies & Associates increased its holdings in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Target in the 3rd quarter valued at approximately $27,000. Tripletail Wealth Management LLC bought a new position in shares of Target in the 3rd quarter valued at approximately $31,000. Finally, Key Financial Inc lifted its holdings in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TGT. UBS Group upped their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and raised their target price for the company from $110.00 to $145.00 in a research note on Wednesday, March 4th. Argus lowered their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.32.

Target Stock Performance

Shares of NYSE TGT opened at $113.03 on Monday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company has a market cap of $51.19 billion, a P/E ratio of 13.90, a P/E/G ratio of 4.71 and a beta of 1.12. The business’s 50 day moving average is $113.12 and its two-hundred day moving average is $99.73. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same period in the prior year, the business earned $2.41 earnings per share. Target’s revenue for the quarter was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is currently 56.09%.

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.