Commerzbank Aktiengesellschaft FI Purchases 4,905 Shares of Target Corporation $TGT

Commerzbank Aktiengesellschaft FI boosted its position in shares of Target Corporation (NYSE:TGT) by 25.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,019 shares of the retailer’s stock after acquiring an additional 4,905 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Target were worth $2,370,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Stiles Financial Services Inc grew its holdings in Target by 2.3% during the 2nd quarter. Stiles Financial Services Inc now owns 28,388 shares of the retailer’s stock valued at $2,800,000 after buying an additional 626 shares in the last quarter. IFP Advisors Inc lifted its position in Target by 5.3% in the second quarter. IFP Advisors Inc now owns 16,510 shares of the retailer’s stock worth $1,683,000 after buying an additional 824 shares during the last quarter. Callan Family Office LLC lifted its position in Target by 76.9% in the second quarter. Callan Family Office LLC now owns 12,092 shares of the retailer’s stock worth $1,193,000 after buying an additional 5,258 shares during the last quarter. Leo Wealth LLC bought a new stake in Target in the second quarter worth $327,000. Finally, Copperwynd Financial LLC lifted its position in shares of Target by 9.2% during the second quarter. Copperwynd Financial LLC now owns 6,317 shares of the retailer’s stock worth $623,000 after purchasing an additional 531 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

TGT stock opened at $85.79 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The business has a 50-day moving average price of $94.48 and a 200 day moving average price of $96.95. The company has a market capitalization of $38.98 billion, a P/E ratio of 10.00, a PEG ratio of 2.58 and a beta of 1.18. Target Corporation has a 1-year low of $85.36 and a 1-year high of $161.50.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.3%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s payout ratio is presently 53.15%.

Wall Street Analyst Weigh In

TGT has been the subject of several research analyst reports. Bank of America reiterated an “underperform” rating and set a $93.00 target price (down from $105.00) on shares of Target in a research report on Friday, August 15th. Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Truist Financial decreased their target price on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Target in a research report on Wednesday, August 20th. Finally, Wolfe Research initiated coverage on Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price for the company. Nine research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $109.65.

Target Company 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.