MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Holdings in Target Co. (NYSE:TGT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Target Co. (NYSE:TGT) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,750 shares of the retailer’s stock after buying an additional 4,406 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Target were worth $8,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Target during the fourth quarter valued at $30,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target during the fourth quarter valued at $29,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC boosted its stake in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of Target stock opened at $98.56 on Friday. Target Co. has a one year low of $87.35 and a one year high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market capitalization of $44.78 billion, a PE ratio of 10.45, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a 50-day simple moving average of $98.24 and a two-hundred day simple moving average of $121.85.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.55%. Target’s dividend payout ratio (DPR) is currently 50.56%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Guggenheim boosted their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI lowered their target price on shares of Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Baird R W lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Cfra Research lowered shares of Target from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Mizuho assumed coverage on shares of Target in a research note on Friday, April 11th. They issued a “neutral” rating and a $92.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $128.13.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.