Target Corporation $TGT Shares Purchased by Midwest Trust Co

Midwest Trust Co raised its position in Target Corporation (NYSE:TGT) by 24.8% during the first quarter, HoldingsChannel reports. The firm owned 129,036 shares of the retailer’s stock after purchasing an additional 25,625 shares during the period. Midwest Trust Co’s holdings in Target were worth $15,639,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. WFA of San Diego LLC acquired a new position in shares of Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Target during the fourth quarter worth approximately $26,000. Capital Advisors Ltd. LLC lifted its position in Target by 245.6% during the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after buying an additional 194 shares in the last quarter. Finally, Global Wealth Strategies & Associates boosted its stake in Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TGT shares. Barclays restated an “underweight” rating on shares of Target in a report on Monday, June 1st. Telsey Advisory Group boosted their price target on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Argus set a $150.00 price objective on shares of Target in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $123.00 price objective on shares of Target in a research report on Friday, May 15th. Finally, Freedom Capital downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Twelve investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $130.64.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’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 transaction, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Target Trading Up 2.0%

TGT stock traded up $2.67 during midday trading on Friday, hitting $134.94. 3,403,029 shares of the company’s stock were exchanged, compared to its average volume of 4,556,986. Target Corporation has a 1-year low of $83.44 and a 1-year high of $142.82. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $61.29 billion, a PE ratio of 17.83, a P/E/G ratio of 2.64 and a beta of 0.98. The business has a 50-day simple moving average of $128.40 and a two-hundred day simple moving average of $118.99.

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

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.4%. Target’s payout ratio is presently 60.24%.

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.