Target Co. (NYSE:TGT) Shares Purchased by Deutsche Bank AG

by · The Cerbat Gem

Deutsche Bank AG raised its stake in Target Co. (NYSE:TGT – Free Report) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,579,366 shares of the retailer’s stock after purchasing an additional 151,865 shares during the quarter. Deutsche Bank AG owned about 0.34% of Target worth $213,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TGT. Hopwood Financial Services Inc. purchased a new position in shares of Target in the 4th quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the fourth quarter valued at about $30,000. MCF Advisors LLC lifted its position 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 acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC grew its position in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after acquiring an additional 85 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of TGT opened at $96.39 on Friday. The firm has a market capitalization of $43.80 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The stock’s fifty day moving average is $99.88 and its 200-day moving average is $123.80. Target Co. has a one year low of $87.35 and a one year high of $167.40. 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 – Get Free Report) last released 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. 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 the consensus estimate of $30.83 billion. Equities analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TGT. Baird R W lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. Cfra Research downgraded Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. Robert W. Baird lowered shares of Target from an “outperform” rating to a “neutral” rating and set a $110.00 price target for the company. in a research note on Monday, April 7th. Finally, Citigroup cut their price target on shares of Target from $120.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $131.20.

Get Our Latest Analysis on TGT

Target Profile

(Free Report)

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.

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