1,220 Shares in Target Co. (NYSE:TGT) Purchased by Allianz SE

Allianz SE bought a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,220 shares of the retailer’s stock, valued at approximately $165,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new position in shares of Target in the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in Target in the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter worth $36,000. MCF Advisors LLC lifted its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Target stock opened at $104.34 on Tuesday. The stock has a market cap of $47.53 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average price is $122.37 and its two-hundred day moving average price is $136.08. Target Co. has a 52 week low of $100.50 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.29%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TGT shares. Piper Sandler decreased their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Bank of America cut their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Finally, DA Davidson lowered their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.40.

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.