Farmers National Bank Has $1.62 Million Holdings in Target Corporation $TGT

Farmers National Bank lessened its stake in Target Corporation (NYSE:TGT) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,572 shares of the retailer’s stock after selling 4,587 shares during the period. Farmers National Bank’s holdings in Target were worth $1,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TGT. Advisortrust Partners LLC acquired a new stake in shares of Target during the 4th quarter worth approximately $4,290,000. PeakShares LLC bought a new stake in shares of Target during the fourth quarter valued at approximately $141,000. Union Savings Bank bought a new stake in shares of Target during the fourth quarter valued at approximately $134,000. Hsbc Holdings PLC raised its stake in shares of Target by 5.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,735,323 shares of the retailer’s stock valued at $169,654,000 after purchasing an additional 85,585 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Target in the fourth quarter valued at $51,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

NYSE:TGT opened at $130.82 on Friday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $137.87. The company has a market cap of $59.42 billion, a P/E ratio of 17.28, a P/E/G ratio of 2.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The stock’s 50-day simple moving average is $126.43 and its 200 day simple moving average is $115.00.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $24.66 billion. During the same period last year, the firm posted $1.30 EPS. 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. As a group, sell-side analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal 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 dividend of $1.16 per share. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 60.24%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Robert W. Baird boosted their price objective on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Mizuho set a $120.00 price objective on Target in a report on Thursday, March 5th. Truist Financial increased their price objective on Target from $123.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 target price on shares of Target in a research note on Friday, May 15th. Eleven investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $126.11.

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 value of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Insiders own 0.13% of the company’s stock.

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.