Commerzbank Aktiengesellschaft FI Lowers Stake in Target Co. (NYSE:TGT)

Commerzbank Aktiengesellschaft FI lessened its stake in Target Co. (NYSE:TGT) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,764 shares of the retailer’s stock after selling 541 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Target were worth $1,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new position in shares of Target during the third quarter worth approximately $28,000. MCF Advisors LLC grew its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the 3rd quarter worth $38,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 3.2 %

Shares of TGT stock opened at $120.28 on Tuesday. Target Co. has a fifty-two week low of $119.92 and a fifty-two week high of $181.86. The firm has a market capitalization of $55.11 billion, a PE ratio of 12.76, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock’s 50-day simple moving average is $133.54 and its 200-day simple moving average is $142.28.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were issued a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.72%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Ratings Changes

Several equities analysts have recently commented on TGT shares. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and cut their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price target on shares of Target from $139.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. TD Cowen cut their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $157.93.

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.