AMG National Trust Bank Takes $1.39 Million Position in Target Corporation $TGT

AMG National Trust Bank acquired a new position in shares of Target Corporation (NYSE:TGT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,605 shares of the retailer's stock, valued at approximately $1,385,000.

A number of other large investors have also recently made changes to their positions in TGT. Winning Points Advisors LLC purchased a new position in shares of Target in the 4th quarter valued at $611,000. Franklin Resources Inc. boosted its position in shares of Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer's stock valued at $605,507,000 after purchasing an additional 142,937 shares during the period. Bogart Wealth LLC grew its stake in Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer's stock worth $13,453,000 after buying an additional 32,746 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich purchased a new position in Target during the 1st quarter worth approximately $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Target during the fourth quarter worth approximately $27,470,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TGT. Piper Sandler increased their price objective on Target from $127.00 to $146.00 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group upped their price target on shares of Target from $161.00 to $177.00 and gave the company a "buy" rating in a research report on Friday. Citigroup increased their price target on shares of Target from $133.00 to $148.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Freedom Capital downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of Target in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $143.30.

Insider Activity

In related news, insider Cara A. Sylvester sold 10,000 shares of the company's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company's stock.

Target Price Performance

Shares of NYSE TGT opened at $154.52 on Monday. The stock has a fifty day moving average price of $138.02 and a 200 day moving average price of $126.29. Target Corporation has a 1-year low of $83.44 and a 1-year high of $156.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The company has a market cap of $70.18 billion, a PE ratio of 20.41, a P/E/G ratio of 2.51 and a beta of 0.96.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analysts' expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target's revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts forecast that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target's previous quarterly dividend of $1.14. Target's payout ratio is presently 61.29%.

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.

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