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

Commerzbank Aktiengesellschaft FI bought a new stake in Target Corporation (NYSE:TGT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,802 shares of the retailer’s stock, valued at approximately $3,239,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Trust Co. of Vermont acquired a new position in Target during the 2nd quarter worth about $1,680,000. Principle Wealth Partners LLC acquired a new position in Target in the 2nd quarter valued at about $317,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Target during the second quarter worth about $150,784,000. OneDigital Investment Advisors LLC purchased a new stake in Target during the second quarter worth about $3,675,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Target during the second quarter worth about $2,961,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

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

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

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.1%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is presently 61.29%.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a report on Thursday, June 11th. Citigroup reissued a “market outperform” rating on shares of Target in a research report on Monday. Truist Financial boosted their price target on shares of Target from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Friday. Wolfe Research set a $169.00 price objective on Target in a research report on Monday, August 3rd. Finally, Oppenheimer increased their price objective on Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock 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.