M&T Bank Corp Sells 332,567 Shares of Target Corporation $TGT

M&T Bank Corp decreased its position in shares of Target Corporation (NYSE:TGT) by 64.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,375 shares of the retailer’s stock after selling 332,567 shares during the quarter. M&T Bank Corp’s holdings in Target were worth $18,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WFA of San Diego LLC bought a new stake in Target during the second quarter worth $25,000. Global Wealth Strategies & Associates lifted its holdings in shares of Target by 192.0% in 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 last quarter. Eagle Bay Advisors LLC bought a new position in shares of Target in the fourth quarter worth about $30,000. Tripletail Wealth Management LLC bought a new position in shares of Target in the third quarter worth about $31,000. Finally, Key Financial Inc lifted its holdings in shares of Target by 77.4% in 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 last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.3%

Shares of NYSE:TGT opened at $130.20 on Friday. The firm has a market cap of $58.96 billion, a P/E ratio of 16.01, a P/E/G ratio of 5.43 and a beta of 1.03. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The business has a fifty day simple moving average of $119.26 and a 200 day simple moving average of $105.03.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.04 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.5%. Target’s dividend payout ratio (DPR) is presently 56.09%.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’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 completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of a number of research reports. UBS Group increased their target price on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Evercore set a $125.00 price target on Target in a research note on Tuesday. Piper Sandler increased their price target on Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Target in a research note on Wednesday, March 4th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.39.

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.