4,737 Shares in Target Corporation $TGT Acquired by First National Bank of Hutchinson

First National Bank of Hutchinson purchased a new stake in Target Corporation (NYSE:TGT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,737 shares of the retailer’s stock, valued at approximately $574,000.

Several other institutional investors have also modified their holdings of TGT. Vanguard Group Inc. increased its position in shares of Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after acquiring an additional 286,499 shares during the period. State Street Corp boosted its holdings in Target by 0.3% in the fourth quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after purchasing an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Target by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after purchasing an additional 561,898 shares in the last quarter. Franklin Resources Inc. grew its stake in Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares in the last quarter. Finally, Norges Bank purchased a new stake in Target during the 4th quarter worth about $587,903,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $134.01 on Wednesday. The stock has a 50 day moving average price of $128.61 and a 200 day moving average price of $119.71. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98. Target Corporation has a 52-week low of $83.44 and a 52-week high of $142.82.

Target (NYSE:TGT) last released its quarterly earnings data 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 net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

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

Insider Buying and Selling

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on 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 sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TGT shares. JPMorgan Chase & Co. lifted their price objective on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Royal Bank Of Canada upped their target price on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a report on Friday, June 12th. Truist Financial lifted their price target on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Finally, Guggenheim boosted their price target on shares of Target from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $130.64.

Target Company 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.