Florida Trust Wealth Management Co Sells 14,561 Shares of Target Corporation $TGT

Florida Trust Wealth Management Co lessened its stake in shares of Target Corporation (NYSE:TGT) by 17.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 68,846 shares of the retailer’s stock after selling 14,561 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Target were worth $6,730,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Morgan Stanley lifted their price objective on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Piper Sandler boosted their target price on Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Jefferies Financial Group restated a “buy” rating and issued a $115.00 target price on shares of Target in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group raised their price target on Target from $91.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus target price of $116.32.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

Target Stock Up 0.1%

Shares of NYSE TGT opened at $120.56 on Friday. The stock has a market capitalization of $54.60 billion, a P/E ratio of 14.83, a PEG ratio of 5.01 and a beta of 1.03. Target Corporation has a one year low of $83.44 and a one year high of $126.00. The firm’s 50 day simple moving average is $115.06 and its two-hundred day simple moving average is $101.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

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

Target Announces Dividend

The firm 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 dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is presently 56.09%.

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.