Glenview Trust Co Has $9.03 Million Stock Holdings in Target Corporation $TGT

Key Points

• Glenview Trust Co cut its Target stake sharply in the fourth quarter, selling 140,929 shares and reducing its holdings by 60.4% to 92,323 shares worth about $9.03 million.
• Target posted strong quarterly results, with earnings of $1.71 per share and revenue of $25.44 billion, both above estimates. Management also said sales grew 6.7% and traffic rose 4.4%, and it raised its outlook.
• Analysts are mixed but leaning cautious: several firms raised price targets after earnings, yet the stock’s consensus rating remains “Hold,” with an average target price of $125.93.

Glenview Trust Co lessened its holdings in Target Corporation (NYSE:TGT - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,323 shares of the retailer's stock after selling 140,929 shares during the period. Glenview Trust Co's holdings in Target were worth $9,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new stake in shares of Target in the second quarter worth $25,000. Global Wealth Strategies & Associates boosted its position in shares of Target by 192.0% in 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 period. Eagle Bay Advisors LLC acquired a new stake in shares of Target in the fourth quarter worth $30,000. Key Financial Inc boosted its position in shares of Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer's stock worth $31,000 after buying an additional 151 shares during the period. Finally, True Wealth Design LLC boosted its position in shares of Target by 168.9% in the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer's stock worth $35,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target’s first-quarter earnings beat expectations, with EPS of $1.71 versus $1.47 expected and revenue of $25.44 billion topping estimates. Management also said the results validate its refreshed strategy, citing 6.7% sales growth and 4.4% traffic growth, while raising its outlook. Article: TGT Q1 Earnings Call Highlights Early Strategy Gains
• Positive Sentiment: Several Wall Street firms raised their price targets after the earnings report, including DA Davidson to $155 from $140 with a buy rating, Telsey Advisory Group to $150 from $148 with an outperform rating, and Robert W. Baird to $135 from $125. These upgrades suggest analysts see more upside in Target’s recovery. Article: Analyst price target increases for Target
• Neutral Sentiment: Additional commentary highlighted Target’s long-term turnaround potential, with one analysis asking whether the stock could reach $175 by 2027, but the piece was largely speculative rather than based on a new fundamental catalyst. Article: Prediction: Can Target Stock Reach $175 by 2027?
• Negative Sentiment: Not all the news was upbeat: Freedom Capital downgraded Target to hold from strong-buy, and some recent articles warned that competition from Walmart and Costco, plus concerns about consumer sentiment, could pressure the turnaround if spending weakens. Article: Target downgrade and cautionary commentary

Target Price Performance

NYSE TGT opened at $125.62 on Monday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $133.10. The stock's 50-day moving average is $122.49 and its two-hundred day moving average is $109.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.36. The firm has a market cap of $57.05 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01.

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

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, May 13th. Target's dividend payout ratio (DPR) is 60.24%.

Analyst Ratings Changes

Several analysts recently issued reports on TGT shares. Wells Fargo & Company increased their price objective on Target from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Oppenheimer increased their price objective on Target from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, March 4th. DA Davidson increased their price objective on Target from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday. Sanford C. Bernstein reiterated a "market perform" rating and set a $124.00 price objective on shares of Target in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $123.00 price objective on shares of Target in a report on Friday, May 15th. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $125.93.

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.

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.