Commerzbank Aktiengesellschaft FI Has $2.23 Million Stake in Target Co. (NYSE:TGT)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Target Co. (NYSE:TGT) by 22.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,305 shares of the retailer’s stock after acquiring an additional 2,646 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Target were worth $2,230,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TGT. Wellington Management Group LLP raised its position in shares of Target by 864.4% during the fourth quarter. Wellington Management Group LLP now owns 57,613 shares of the retailer’s stock worth $8,205,000 after purchasing an additional 51,639 shares during the period. Annex Advisory Services LLC bought a new stake in Target in the 1st quarter valued at $200,000. RMR Wealth Builders acquired a new position in Target in the 1st quarter worth $245,000. Brookstone Capital Management boosted its stake in Target by 27.8% in the 1st quarter. Brookstone Capital Management now owns 13,802 shares of the retailer’s stock worth $2,446,000 after purchasing an additional 2,999 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Target in the 1st quarter valued at about $96,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TGT shares. TD Cowen lifted their price objective on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Morgan Stanley restated an “overweight” rating and issued a $180.00 price target on shares of Target in a research note on Wednesday, August 21st. Jefferies Financial Group upped their price objective on Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI lowered their target price on shares of Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday. Finally, Sanford C. Bernstein assumed coverage on shares of Target in a research note on Tuesday. They issued a “market perform” rating and a $168.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Target currently has an average rating of “Moderate Buy” and an average price target of $179.47.

Insider Activity

In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now directly owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock valued at $8,290,995 in the last ninety days. 0.23% of the stock is owned by company insiders.

Target Stock Performance

Shares of NYSE:TGT opened at $148.31 on Wednesday. The stock has a market capitalization of $68.61 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The company’s 50 day simple moving average is $152.82 and its 200 day simple moving average is $152.26. Target Co. has a 1 year low of $105.23 and a 1 year high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The business had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. During the same period last year, the company earned $1.80 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts predict that Target Co. will post 9.53 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is presently 50.28%.

About Target

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.