Bryn Mawr Trust Advisors LLC Invests $440,000 in Target Corporation $TGT

Bryn Mawr Trust Advisors LLC acquired a new stake in Target Corporation (NYSE:TGT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,368 shares of the retailer’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winning Points Advisors LLC acquired a new position in Target during the 4th quarter worth $611,000. Franklin Resources Inc. increased its holdings in Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares during the period. Bogart Wealth LLC raised its position in Target by 41.8% in the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after purchasing an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Target in the 1st quarter valued at about $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Target in the 4th quarter valued at about $27,470,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $154.52 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $156.47. The firm has a market capitalization of $70.18 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.53 and a beta of 0.97. The stock’s 50-day simple moving average is $138.02 and its 200-day simple moving average is $126.14.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.39 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. 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 (DPR) is currently 61.29%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TGT. Argus set a $150.00 price objective on Target in a research report on Friday, May 22nd. Bank of America reaffirmed an “underperform” rating and issued a $124.00 target price (up from $110.00) on shares of Target in a report on Wednesday. Sanford C. Bernstein lifted their price target on shares of Target from $124.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Guggenheim boosted their price target on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average target price of $143.30.

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.