MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 4,406 Shares of Target Co. (NYSE:TGT)

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

Several other hedge funds and other institutional investors have also bought and sold shares of TGT. Hopwood Financial Services Inc. purchased a new stake in shares of Target during the 4th quarter valued at about $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target during the 4th quarter valued at about $30,000. MCF Advisors LLC increased its position in shares of Target by 175.3% during the 4th 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 last quarter. Raleigh Capital Management Inc. increased its position in shares of Target by 110.7% during the 4th 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 last quarter. Finally, Legacy Investment Solutions LLC increased its position in shares of Target by 47.5% during the 4th 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 last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.5%

Shares of TGT opened at $98.56 on Friday. The company’s fifty day moving average is $98.24 and its 200 day moving average is $121.85. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The stock 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 debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping 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 company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

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

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. Stifel Nicolaus reduced their target price on shares of Target from $130.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Wells Fargo & Company reduced their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Piper Sandler reduced their target price on shares of Target from $124.00 to $105.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Jefferies Financial Group reduced their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, 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.