Target Corporation $TGT Shares Acquired by Inspire Trust Co. N.A.

Key Points

• Inspire Trust Co. N.A. increased its Target stake by 12.1% in the fourth quarter, buying 8,000 additional shares to bring its total holdings to 74,000 shares worth about $7.23 million.
• Target reported better-than-expected quarterly results, with EPS of $1.71 versus the $1.47 consensus and revenue of $25.44 billion, up 6.7% from a year earlier.
• The company also declared a quarterly dividend of $1.14 per share, implying an annualized payout of $4.56 and a 3.5% yield; analysts currently have a consensus rating of Hold with a $125.93 price target.

Inspire Trust Co. N.A. lifted its position in shares of Target Corporation (NYSE:TGT - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,000 shares of the retailer's stock after purchasing an additional 8,000 shares during the period. Target comprises approximately 1.2% of Inspire Trust Co. N.A.'s portfolio, making the stock its 20th largest position. Inspire Trust Co. N.A.'s holdings in Target were worth $7,234,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Valtinson Bruner Financial Planning LLC lifted its position in shares of Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer's stock worth $352,000 after purchasing an additional 92 shares during the last quarter. Auxano Advisors LLC lifted its position in shares of Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer's stock worth $312,000 after purchasing an additional 93 shares during the last quarter. Neumann Capital Management LLC lifted its position in shares of Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer's stock worth $1,298,000 after purchasing an additional 100 shares during the last quarter. Binnacle Investments Inc lifted its position in shares of Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer's stock worth $100,000 after purchasing an additional 104 shares during the last quarter. Finally, Mission Wealth Management LP lifted its position in shares of Target by 1.6% during the 4th quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer's stock worth $678,000 after purchasing an additional 106 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer directly owned 12,143 shares of the company's stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

Target Price Performance

Shares of TGT opened at $128.59 on Friday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10. The stock has a market cap of $58.40 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. 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 firm has a fifty day moving average price of $123.31 and a 200 day moving average price of $110.76.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $24.66 billion. During the same period in the previous year, the company earned $1.30 earnings per share. Target's quarterly 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. As a group, sell-side analysts anticipate that Target Corporation will post 8.35 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 13th. Target's dividend payout ratio is presently 60.24%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TGT shares. Oppenheimer lifted their price objective on shares of Target from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 4th. Freedom Capital cut shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Robert W. Baird lifted their price objective on shares of Target from $125.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 21st. Evercore set a $130.00 price objective on shares of Target in a research report on Monday, May 18th. Finally, Citigroup lifted their price objective on shares of Target from $117.00 to $133.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus price target of $125.93.

Target 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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