Glenmede Trust Co. NA Purchases 7,899 Shares of Target Corporation $TGT

Key Points

• Glenmede Trust increased its Target position by 10.1% in the first quarter, adding 7,899 shares for a total of 86,124 shares valued at approximately $10.4 million. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly EPS of $1.71, exceeding estimates of $1.47, while revenue rose 6.7% year over year to $25.44 billion. The company issued fiscal 2026 EPS guidance of $7.50–$8.50.
• Target raised its quarterly dividend from $1.14 to $1.16 per share, equating to a $4.64 annualized payout and a 3.2% yield. Analysts remain mixed, with an average “Hold” rating and a $133.48 price target.

Glenmede Trust Co. NA boosted its position in Target Corporation (NYSE:TGT - Free Report) by 10.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,124 shares of the retailer's stock after buying an additional 7,899 shares during the quarter. Glenmede Trust Co. NA's holdings in Target were worth $10,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Target in the 4th quarter worth about $587,903,000. TOMS Capital Investment Management LP bought a new stake in Target in the 4th quarter valued at about $257,571,000. AQR Capital Management LLC lifted its holdings in Target by 243.8% during the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer's stock valued at $280,563,000 after purchasing an additional 2,035,298 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Target by 6,639.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer's stock valued at $186,992,000 after purchasing an additional 1,884,577 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Target by 104.7% during the fourth quarter. Marshall Wace LLP now owns 65,505 shares of the retailer's stock valued at $6,403,000 after purchasing an additional 1,448,146 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Up 0.0%

TGT stock opened at $144.55 on Monday. The stock has a 50-day simple moving average of $132.87 and a two-hundred day simple moving average of $123.30. Target Corporation has a twelve month low of $83.44 and a twelve month high of $147.77. The firm has a market capitalization of $65.65 billion, a PE ratio of 19.10, a PEG ratio of 2.83 and a beta of 0.96. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) 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 firm had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the prior year, the firm posted $1.30 earnings per share. The company'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. On average, equities analysts predict that Target Corporation will post 8.32 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. Shareholders of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.2%. This is a boost from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio is currently 60.24%.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm's stock in a transaction on 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 transaction, the insider directly owned 45,930 shares of the company's stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TGT. Wall Street Zen upgraded shares of Target from a "hold" rating to a "buy" rating in a research note on Saturday, June 6th. Royal Bank Of Canada raised their price objective on shares of Target from $132.00 to $153.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Zacks Research raised shares of Target from a "hold" rating to a "strong-buy" rating in a report on Monday, July 13th. Piper Sandler reiterated a "neutral" rating on shares of Target in a research note on Friday, June 12th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Target in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Target has an average rating of "Hold" and an average target price of $133.48.

About Target

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.