B. Metzler seel. Sohn & Co. AG Reduces Position in Target Co. (NYSE:TGT)

B. Metzler seel. Sohn & Co. AG decreased its position in shares of Target Co. (NYSE:TGT) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,873 shares of the retailer’s stock after selling 890 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Target were worth $4,984,000 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 company. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in Target in the fourth quarter valued at $29,000. MCF Advisors LLC increased its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Target during the third quarter worth about $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. The Goldman Sachs Group reduced their price objective on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Telsey Advisory Group cut their price target on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price target on Target in a report on Wednesday, March 5th. Piper Sandler dropped their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Finally, Oppenheimer reduced their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.40.

Target Stock Performance

Target stock opened at $104.34 on Tuesday. Target Co. has a fifty-two week low of $100.50 and a fifty-two week high of $181.86. The company has a market capitalization of $47.53 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.94 and a beta of 1.18. The stock has a fifty day moving average of $122.37 and a two-hundred day moving average of $136.08. 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) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

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.