3,368 Shares in Target Corporation $TGT Acquired by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC purchased a new position in shares of Target Corporation (NYSE:TGT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,368 shares of the retailer’s stock, valued at approximately $440,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winning Points Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at $611,000. Franklin Resources Inc. boosted its stake 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 boosted its stake in Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock worth $13,453,000 after purchasing an additional 32,746 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Target during the 1st quarter worth $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 Target during the 4th quarter worth $27,470,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.6%

Shares of Target stock opened at $154.52 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $156.47. The company has a market cap of $70.18 billion, a P/E ratio of 20.41, a PEG ratio of 2.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The firm has a fifty day moving average of $138.02 and a two-hundred day moving average of $126.14.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share 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 business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts forecast that Target Corporation will post 8.39 earnings per share for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is presently 61.29%.

Insiders Place Their Bets

In other Target 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 transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TGT. Piper Sandler lifted their price objective on shares of Target from $127.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America reiterated an “underperform” rating and set a $124.00 target price (up from $110.00) on shares of Target in a research note on Wednesday. Oppenheimer raised their price target on Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently 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.