Mirae Asset Global Investments Co. Ltd. Purchases 18,777 Shares of Target Corporation $TGT

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Target Corporation (NYSE:TGT) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 513,123 shares of the retailer’s stock after buying an additional 18,777 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Target were worth $46,027,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Mystic Asset Management Inc. raised its holdings in shares of Target by 8.0% during the 3rd quarter. Mystic Asset Management Inc. now owns 8,015 shares of the retailer’s stock valued at $719,000 after buying an additional 595 shares in the last quarter. Cambiar Investors LLC lifted its position in Target by 5.4% during the third quarter. Cambiar Investors LLC now owns 489,724 shares of the retailer’s stock valued at $43,928,000 after buying an additional 25,254 shares during the period. Stablepoint Partners LLC boosted its stake in Target by 22.4% during the third quarter. Stablepoint Partners LLC now owns 16,696 shares of the retailer’s stock worth $1,498,000 after acquiring an additional 3,056 shares in the last quarter. J. Safra Sarasin Holding AG increased its position in Target by 358.9% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 14,156 shares of the retailer’s stock valued at $1,270,000 after buying an additional 11,071 shares in the last quarter. Finally, Stonegate Investment Group LLC increased its holdings in shares of Target by 11.0% during the third quarter. Stonegate Investment Group LLC now owns 5,100 shares of the retailer’s stock valued at $457,000 after acquiring an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of Target from $94.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft set a $108.00 price target on Target in a research note on Thursday, January 8th. Finally, Roth Mkm set a $88.00 target price on Target in a research note on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.03.

Target Stock Performance

Shares of TGT stock opened at $101.71 on Thursday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $142.24. The company’s 50 day moving average is $98.56 and its 200 day moving average is $96.32. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The firm has a market cap of $46.06 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 11.32 and a beta of 1.12.

Target (NYSE:TGT) last issued its quarterly earnings results 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 the consensus estimate of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders 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 dividend yield of 4.5%. Target’s dividend payout ratio (DPR) is presently 55.34%.

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.