B. Metzler seel. Sohn & Co. AG Sells 2,523 Shares of Target Corporation $TGT

B. Metzler seel. Sohn & Co. AG reduced its holdings in shares of Target Corporation (NYSE:TGT) by 6.8% during the first quarter, Holdings Channel reports. The fund owned 34,350 shares of the retailer’s stock after selling 2,523 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Target were worth $3,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Target by 7.4% during the fourth quarter. AQR Capital Management LLC now owns 713,790 shares of the retailer’s stock valued at $96,490,000 after acquiring an additional 49,118 shares during the last quarter. Voleon Capital Management LP bought a new position in shares of Target during the fourth quarter valued at about $1,053,000. Kapitalo Investimentos Ltda bought a new position in shares of Target during the fourth quarter valued at about $130,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Target by 9.1% during the fourth quarter. Rehmann Capital Advisory Group now owns 7,898 shares of the retailer’s stock valued at $1,068,000 after acquiring an additional 661 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of Target stock opened at $96.86 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $44.01 billion, a P/E ratio of 11.29, a P/E/G ratio of 2.83 and a beta of 1.22. The business has a fifty day simple moving average of $102.16 and a two-hundred day simple moving average of $102.86. Target Corporation has a 12 month low of $87.35 and a 12 month high of $161.50.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. The business had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.6%. Target’s dividend payout ratio (DPR) is currently 53.15%.

Analyst Ratings Changes

Several brokerages have recently commented on TGT. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Target in a research note on Thursday, August 21st. BMO Capital Markets lowered their price objective on shares of Target from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price target on Target from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Evercore ISI dropped their price target on Target from $108.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday, August 21st. Finally, Robert W. Baird set a $100.00 price target on Target in a research note on Thursday, May 22nd. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $113.74.

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.