Target Corporation $TGT Stock Position Decreased by Glenview Trust co

Key Points

• Glenview Trust Co reduced its stake in Target Corporation by 1.9% during the first quarter, holding approximately 0.06% of the company valued at $29.41 million.
• Target Corporation's stock is currently trading around $90.95, showing a decline of 0.6%, with a market cap of $41.33 billion.
• The retailer reported earnings of $2.05 per share for the last quarter, exceeding estimates, although its revenue declined 0.9% year-over-year.

Glenview Trust co decreased its position in Target Corporation (NYSE:TGT - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 281,855 shares of the retailer's stock after selling 5,392 shares during the period. Glenview Trust co owned approximately 0.06% of Target worth $29,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TGT. Bernard Wealth Management Corp. bought a new position in shares of Target in the fourth quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in shares of Target in the first quarter valued at approximately $32,000. 1248 Management LLC acquired a new stake in Target during the first quarter valued at approximately $38,000. Heck Capital Advisors LLC acquired a new stake in Target during the fourth quarter valued at approximately $40,000. Finally, Atwood & Palmer Inc. lifted its stake in Target by 951.4% during the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer's stock valued at $41,000 after purchasing an additional 352 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 0.6%

TGT stock opened at $90.95 on Wednesday. Target Corporation has a 12-month low of $87.35 and a 12-month high of $161.50. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The company has a market cap of $41.33 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 2.64 and a beta of 1.16. The company has a 50 day moving average of $101.34 and a two-hundred day moving average of $100.71.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The company's revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th were paid a dividend of $1.12 per share. The ex-dividend date was Wednesday, August 13th. This represents a $4.48 annualized dividend and a dividend yield of 4.9%. Target's dividend payout ratio is 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent research reports. Mizuho cut their target price on shares of Target from $92.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Guggenheim reissued a "buy" rating and set a $115.00 target price on shares of Target in a research note on Thursday, August 21st. Zacks Research raised shares of Target from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Robert W. Baird set a $100.00 target price on shares of Target in a research note on Thursday, May 22nd. Finally, Morgan Stanley reduced their price target on shares of Target from $160.00 to $112.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $113.74.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

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