24,802 Shares in Target Corporation $TGT Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI acquired a new stake in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,802 shares of the retailer’s stock, valued at approximately $3,239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. WFA of San Diego LLC purchased a new stake in Target during the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Target during the 4th quarter worth approximately $26,000. MidFirst Bank purchased a new stake in shares of Target in the fourth quarter valued at approximately $31,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

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

Target Stock Down 2.3%

TGT stock opened at $150.94 on Tuesday. The firm has a market cap of $68.56 billion, a PE ratio of 19.94, a PEG ratio of 2.51 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The firm’s 50 day moving average price is $138.56 and its 200-day moving average price is $126.62. Target Corporation has a one year low of $83.44 and a one year high of $156.47.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts anticipate that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 61.29%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Truist Financial upped their target price on Target from $130.00 to $147.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company raised their target price on Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Robert W. Baird lifted their price target on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Finally, Citigroup reiterated a “market outperform” rating on shares of Target in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $143.85.

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.