Commerzbank Aktiengesellschaft FI Has $3.02 Million Stake in Target Corporation $TGT

Commerzbank Aktiengesellschaft FI decreased its position in shares of Target Corporation (NYSE:TGT) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,946 shares of the retailer’s stock after selling 6,125 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Target were worth $3,023,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TGT. Whipplewood Advisors LLC lifted its position in shares of Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after purchasing an additional 80 shares during the last quarter. Prosperity Consulting Group LLC boosted its stake in Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after purchasing an additional 81 shares during the period. Howe & Rusling Inc. grew its holdings in Target by 3.1% in the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock valued at $358,000 after buying an additional 90 shares during the last quarter. Crawford Investment Counsel Inc. grew its holdings in Target by 0.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after buying an additional 90 shares during the last quarter. Finally, Valtinson Bruner Financial Planning LLC increased its position in Target by 2.6% in the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after buying an additional 92 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $123.00 price target on shares of Target in a report on Friday, May 15th. Zacks Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wells Fargo & Company boosted their target price on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Argus set a $150.00 target price on shares of Target in a research note on Friday, May 22nd. Finally, DA Davidson upped their target price on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $132.15.

Target Trading Down 0.8%

Shares of TGT opened at $138.50 on Wednesday. The stock’s 50-day moving average price is $130.10 and its 200 day moving average price is $121.17. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $62.91 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.73 and a beta of 0.98. Target Corporation has a 12-month low of $83.44 and a 12-month high of $144.40.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter last year, the company earned $1.30 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts predict that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.4%. Target’s dividend payout ratio is currently 60.24%.

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.