Farmers National Bank Has $1.62 Million Stake in Target Corporation $TGT

Farmers National Bank reduced its stake in Target Corporation (NYSE:TGT) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,572 shares of the retailer’s stock after selling 4,587 shares during the period. Farmers National Bank’s holdings in Target were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Crawford Investment Counsel Inc. increased its stake in 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 acquiring an additional 90 shares during the period. 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 valued at $352,000 after acquiring an additional 92 shares during the period. 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 valued at $312,000 after acquiring an additional 93 shares during the period. Neumann Capital Management LLC grew its holdings 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 in the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of Target by 1.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,209 shares of the retailer’s stock worth $900,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TGT shares. Evercore set a $130.00 price target on shares of Target in a report on Monday, May 18th. BMO Capital Markets increased their price objective on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. Mizuho set a $120.00 target price on Target in a report on Thursday, March 5th. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $126.11.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Target Price Performance

Shares of TGT opened at $130.82 on Friday. The firm has a market cap of $59.42 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. Target Corporation has a 52-week low of $83.44 and a 52-week high of $137.87. The business’s 50 day moving average price is $126.43 and its two-hundred day moving average price is $115.00. 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 (NYSE:TGT) last released 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 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 firm earned $1.30 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.5%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is 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.