Target Corporation $TGT Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its stake in Target Corporation (NYSE:TGT) by 29.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,071 shares of the retailer’s stock after purchasing an additional 7,052 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Target were worth $2,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Target by 14.7% in the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after buying an additional 6,607,982 shares during the last quarter. State Street Corp increased its holdings in shares of Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after acquiring an additional 1,529,026 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Target by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock valued at $1,602,825,000 after purchasing an additional 277,176 shares during the last quarter. Norges Bank acquired a new position in Target during the 2nd quarter valued at about $578,009,000. Finally, Invesco Ltd. grew its position in Target by 9.6% in the 2nd quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock worth $350,146,000 after purchasing an additional 310,205 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $108.04 on Monday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $97.63 and a two-hundred day moving average of $96.29. The company has a market capitalization of $48.92 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 11.76 and a beta of 1.12.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The business had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 4.2%. Target’s dividend payout ratio is currently 55.34%.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Sanford C. Bernstein cut their target price on Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Wolfe Research reissued an “underperform” rating and issued a $81.00 price target on shares of Target in a research note on Tuesday, December 30th. DA Davidson set a $120.00 price target on Target in a report on Monday, January 12th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $110.00 price objective on shares of Target in a research note on Friday, November 14th. Ten equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.03.

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.