Target Co. (NYSE:TGT) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Target Co. (NYSE:TGT) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,579,366 shares of the retailer’s stock after buying an additional 151,865 shares during the period. Deutsche Bank AG’s holdings in Target were worth $213,499,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Target in the 4th quarter valued at approximately $757,892,000. Raymond James Financial Inc. purchased a new stake in shares of Target in the fourth quarter valued at $297,122,000. Ameriprise Financial Inc. boosted its position in shares of Target by 61.2% in the fourth quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock worth $536,407,000 after buying an additional 1,506,275 shares during the period. FMR LLC grew its holdings in shares of Target by 13.6% during the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer’s stock valued at $1,532,769,000 after buying an additional 1,358,348 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in Target during the fourth quarter valued at $182,882,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TGT. Stifel Nicolaus lowered their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Citigroup dropped their price objective on shares of Target from $120.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Truist Financial lowered their price target on shares of Target from $124.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Roth Mkm reiterated a “neutral” rating and set a $122.00 price objective (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, Mizuho initiated coverage on Target in a research report on Friday, April 11th. They issued a “neutral” rating and a $92.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $131.20.

Target Stock Performance

NYSE TGT opened at $96.39 on Friday. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. 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 stock has a market cap of $43.80 billion, a P/E ratio of 10.22, a PEG ratio of 1.94 and a beta of 1.27. The company’s 50-day simple moving average is $99.88 and its 200 day simple moving average is $123.80.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. As a group, research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 50.56%.

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.