NBT Bank N A NY Sells 7,535 Shares of Target Corporation $TGT

NBT Bank N A NY lessened its holdings in Target Corporation (NYSE:TGT) by 28.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,685 shares of the retailer’s stock after selling 7,535 shares during the period. NBT Bank N A NY’s holdings in Target were worth $2,265,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Howe & Rusling Inc. boosted its position in Target by 3.1% in the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after purchasing an additional 90 shares during the last quarter. Crawford Investment Counsel Inc. raised its stake in shares of Target by 0.4% during the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock worth $1,971,000 after purchasing an additional 90 shares during the period. Valtinson Bruner Financial Planning LLC raised its stake 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 period. Auxano Advisors LLC boosted its holdings in shares of Target by 3.0% in the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after buying an additional 93 shares during the last quarter. Finally, Davidson Trust Co. boosted its holdings in shares of Target by 3.3% in the 1st quarter. Davidson Trust Co. now owns 2,984 shares of the retailer’s stock worth $362,000 after buying an additional 94 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Insider Transactions at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated 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 sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research reports. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research report on Friday, June 12th. JPMorgan Chase & Co. increased their target price on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Roth Mkm restated a “neutral” rating and set a $114.00 price target on shares of Target in a research note on Friday, May 22nd. Telsey Advisory Group raised their price target on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, KeyCorp restated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Twelve analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued 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 $130.64.

Target Stock Up 0.1%

TGT opened at $130.31 on Friday. The company has a 50 day moving average of $128.22 and a 200 day moving average of $117.85. The company has a market cap of $59.19 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98. Target Corporation has a 12 month low of $83.44 and a 12 month high of $142.82. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The business 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%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts expect that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is presently 60.24%.

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.