Mirae Asset Global Investments Co. Ltd. Increases Holdings in Target Co. (NYSE:TGT)

Mirae Asset Global Investments Co. Ltd. raised its stake in Target Co. (NYSE:TGT) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,968 shares of the retailer’s stock after purchasing an additional 1,139 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Target were worth $11,959,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TGT. Tower View Wealth Management LLC lifted its position in Target by 82.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of Target during the second quarter worth $31,000. Penserra Capital Management LLC purchased a new position in shares of Target in the fourth quarter valued at $35,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Target during the 4th quarter valued at $49,000. Finally, Quarry LP increased its stake in Target by 212.6% during the 1st quarter. Quarry LP now owns 347 shares of the retailer’s stock worth $57,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 0.2 %

Target stock opened at $171.32 on Friday. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $79.10 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.59 and a beta of 1.14. The firm has a 50-day moving average price of $161.27 and a two-hundred day moving average price of $138.62.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The business had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 49.27%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TGT shares. Barclays raised their target price on Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Telsey Advisory Group lifted their price objective on Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Truist Financial upped their target price on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Morgan Stanley raised their price target on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Target from a “hold” rating to a “buy” rating and upped their price target for the company from $149.00 to $206.00 in a report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and an average target price of $182.04.

Insider Activity at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares in the company, valued at approximately $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock worth $8,819,598 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.