Commerzbank Aktiengesellschaft FI Has $3.02 Million Stock Position in Target Corporation $TGT

Commerzbank Aktiengesellschaft FI reduced its stake in Target Corporation (NYSE:TGT) by 19.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP grew its position in Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after acquiring an additional 11,047 shares during the period. NewEdge Advisors LLC raised its stake in Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares in the last quarter. Sei Investments Co. raised its stake in Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after acquiring an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after acquiring an additional 27,063 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Target Price Performance

Target stock opened at $138.50 on Wednesday. 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 has a market cap of $62.91 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.73 and a beta of 0.98. The business’s fifty day moving average is $130.10 and its two-hundred day moving average is $121.17. Target Corporation has a 52 week low of $83.44 and a 52 week high of $144.40.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.4%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is currently 60.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TGT. Guggenheim boosted their target price on shares of Target from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp reiterated a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a report on Thursday, June 11th. Robert W. Baird boosted their price target on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $132.15.

About Target

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.