Grove Bank & Trust Has $63,000 Stock Holdings in Target Corporation $TGT

Grove Bank & Trust trimmed its stake in shares of Target Corporation (NYSE:TGT) by 91.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 641 shares of the retailer’s stock after selling 7,025 shares during the period. Grove Bank & Trust’s holdings in Target were worth $63,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. OMERS ADMINISTRATION Corp raised its holdings in Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after buying an additional 100 shares during the period. Binnacle Investments Inc boosted its holdings in shares of Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after buying an additional 104 shares during the period. Obermeyer Wealth Partners boosted its holdings in shares of Target by 4.0% in the third quarter. Obermeyer Wealth Partners now owns 2,860 shares of the retailer’s stock worth $257,000 after buying an additional 110 shares during the period. ICW Investment Advisors LLC increased its position in shares of Target by 1.0% in the second quarter. ICW Investment Advisors LLC now owns 12,100 shares of the retailer’s stock worth $1,194,000 after acquiring an additional 115 shares in the last quarter. Finally, Farmers National Bank increased its position in shares of Target by 0.5% in the second quarter. Farmers National Bank now owns 22,497 shares of the retailer’s stock worth $2,219,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGT. Oppenheimer upped their price target on shares of Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. UBS Group lifted their price objective on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Piper Sandler increased their target price on Target from $102.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Target in a research report on Wednesday, March 4th. Finally, Truist Financial lifted their price target on Target from $90.00 to $121.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. 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’s stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $116.32.

Target Trading Down 1.3%

NYSE TGT opened at $113.03 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. Target Corporation has a 1-year low of $83.44 and a 1-year high of $126.00. The firm’s fifty day simple moving average is $113.12 and its 200-day simple moving average is $99.73. The company has a market capitalization of $51.19 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 4.71 and a beta of 1.12.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. Target’s payout ratio is presently 56.09%.

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.