Bridges Investment Management Inc. Has $2.70 Million Stake in Target Corporation $TGT

Bridges Investment Management Inc. lowered its holdings in Target Corporation (NYSE:TGT) by 32.1% in the fourth quarter, Holdings Channel reports. The firm owned 27,635 shares of the retailer’s stock after selling 13,080 shares during the quarter. Bridges Investment Management Inc.’s holdings in Target were worth $2,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in shares of Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after buying an additional 124,371 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Target by 15.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after buying an additional 45,803 shares during the period. Mather Group LLC. boosted its holdings in Target by 7.5% in the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock valued at $15,173,000 after purchasing an additional 10,839 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Target by 20.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 175,443 shares of the retailer’s stock valued at $18,322,000 after purchasing an additional 30,363 shares during the period. Finally, Oak Thistle LLC bought a new stake in Target in the 4th quarter valued at about $1,149,000. 79.73% of the stock is owned by institutional investors.

Target Trading Up 1.4%

NYSE:TGT opened at $124.93 on Thursday. The firm’s fifty day moving average is $124.14 and its 200-day moving average is $111.70. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The firm has a market cap of $56.74 billion, a P/E ratio of 16.50, a P/E/G ratio of 2.41 and a beta of 1.00.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were 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 was Wednesday, May 13th. Target’s dividend payout ratio (DPR) is 60.24%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley boosted their price objective on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Guggenheim restated a “buy” rating and issued a $140.00 target price on shares of Target in a research report on Wednesday, May 20th. UBS Group boosted their target price on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Bank of America began coverage on shares of Target in a research report on Friday, February 27th. They issued an “underperform” rating and a $103.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $125.93.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

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.