Target Corporation $TGT Holdings Boosted by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in Target Corporation (NYSE:TGT) by 29.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TGT. LBP AM SA acquired a new stake in Target during the second quarter valued at $5,427,000. Precedent Wealth Partners LLC lifted its holdings in shares of Target by 27.7% during the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after buying an additional 2,869 shares during the last quarter. Mattern Capital Management LLC lifted its holdings in shares of Target by 7.6% during the 2nd quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after buying an additional 5,573 shares during the last quarter. Northern Financial Advisors Inc bought a new stake in shares of Target in the 2nd quarter valued at approximately $370,000. Finally, CWM LLC increased its holdings in Target by 41.5% in the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after buying an additional 11,378 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $108.04 on Monday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08. The company has a market cap of $48.92 billion, a P/E ratio of 13.11, a P/E/G ratio of 11.76 and a beta of 1.12. The business’s 50 day moving average is $97.63 and its two-hundred day moving average is $96.29. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be given 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 dividend yield of 4.2%. Target’s dividend payout ratio is currently 55.34%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BTIG Research began coverage on shares of Target in a research report on Tuesday, October 14th. They issued a “neutral” rating for the company. BMO Capital Markets reduced their price objective on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research note on Thursday, November 20th. Robert W. Baird lowered their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. TD Cowen cut their target price on Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of Target in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $103.03.

Target 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.