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

Inspire Trust Co. N.A. lifted its position in shares of Target Corporation (NYSE:TGT) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,000 shares of the retailer’s stock after acquiring an additional 8,000 shares during the quarter. Target accounts for approximately 1.2% of Inspire Trust Co. N.A.’s portfolio, making the stock its 20th largest holding. Inspire Trust Co. N.A.’s holdings in Target were worth $7,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA of San Diego LLC acquired a new position in shares of Target during the second quarter worth about $25,000. Global Wealth Strategies & Associates increased its stake in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Target during the fourth quarter worth about $30,000. Key Financial Inc increased its stake in shares of Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after acquiring an additional 151 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of Target by 168.9% during the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after acquiring an additional 223 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.2%

Shares of NYSE TGT opened at $128.59 on Friday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The company has a market capitalization 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’s 50-day moving average is $123.31 and its two-hundred day moving average is $110.76.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $24.66 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. Target’s dividend payout ratio is presently 60.24%.

Analysts Set New Price Targets

TGT has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. BNP Paribas Exane boosted their price target on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Morgan Stanley boosted their price target on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group boosted their price target on shares of Target from $112.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Finally, Roth Mkm reiterated a “neutral” rating and set a $114.00 price target on shares of Target in a research note on Friday, May 22nd. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $125.93.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer 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 SEC, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

About Target

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.