Deutsche Bank AG Purchases 151,865 Shares of Target Co. (NYSE:TGT)

Deutsche Bank AG lifted its stake in shares of Target Co. (NYSE:TGT - Free Report) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,579,366 shares of the retailer's stock after buying an additional 151,865 shares during the period. Deutsche Bank AG owned about 0.34% of Target worth $213,499,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TGT. Norges Bank bought a new position in shares of Target during the 4th quarter worth approximately $757,892,000. Raymond James Financial Inc. bought a new stake in shares of Target in the 4th quarter valued at $297,122,000. Ameriprise Financial Inc. lifted its position in shares of Target by 61.2% during the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer's stock valued at $536,407,000 after acquiring an additional 1,506,275 shares during the period. FMR LLC boosted its stake in Target by 13.6% during the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock worth $1,532,769,000 after acquiring an additional 1,358,348 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in Target during the fourth quarter worth $182,882,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 2.0%

TGT stock traded down $2.01 on Tuesday, reaching $99.07. 7,759,480 shares of the company traded hands, compared to its average volume of 5,841,327. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a fifty day simple moving average of $99.56 and a 200-day simple moving average of $123.10. Target Co. has a one year low of $87.35 and a one year high of $167.40. The company has a market cap of $45.01 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last posted its 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. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.52%. Target's payout ratio is presently 50.56%.

Analysts Set New Price Targets

Several brokerages have recently commented on TGT. Telsey Advisory Group reduced their target price on Target from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Mizuho initiated coverage on shares of Target in a research note on Friday, April 11th. They set a "neutral" rating and a $92.00 price target for the company. Jefferies Financial Group decreased their target price on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. KGI Securities set a $132.00 target price on Target in a report on Wednesday, March 5th. Finally, Truist Financial lowered their target price on shares of Target from $124.00 to $82.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $128.57.

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.