Target Co. (NYSE:TGT) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Target Co. (NYSE:TGT) by 90.0% during the first quarter, Holdings Channel reports. The firm owned 159,562 shares of the retailer’s stock after acquiring an additional 75,594 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Target were worth $27,057,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Prosperity Consulting Group LLC grew its position in shares of Target by 61.1% during the 1st quarter. Prosperity Consulting Group LLC now owns 3,277 shares of the retailer’s stock valued at $581,000 after buying an additional 1,243 shares during the last quarter. Retirement Group LLC grew its position in shares of Target by 85.0% during the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after buying an additional 91 shares during the last quarter. Parthenon LLC bought a new stake in shares of Target during the 1st quarter valued at about $208,000. Lineweaver Wealth Advisors LLC grew its position in shares of Target by 1.4% during the 1st quarter. Lineweaver Wealth Advisors LLC now owns 5,123 shares of the retailer’s stock valued at $909,000 after buying an additional 71 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Target during the 1st quarter valued at about $727,000. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 0.6 %

Shares of TGT stock traded up $0.85 during trading hours on Friday, reaching $145.65. 3,562,244 shares of the stock traded hands, compared to its average volume of 3,496,491. Target Co. has a 1-year low of $102.93 and a 1-year high of $181.86. The business has a fifty day moving average price of $150.93 and a 200 day moving average price of $153.34. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $67.38 billion, a PE ratio of 16.35, a PEG ratio of 1.36 and a beta of 1.19.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 EPS. On average, equities research analysts forecast that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.08%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s payout ratio is currently 49.38%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TGT shares. Citigroup raised shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Tuesday, May 7th. Robert W. Baird reissued an “outperform” rating and set a $190.00 target price on shares of Target in a research note on Thursday, May 23rd. Tigress Financial boosted their target price on shares of Target from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 target price on shares of Target in a research note on Wednesday, May 22nd. Finally, Roth Mkm reiterated a “neutral” rating and issued a $153.00 target price on shares of Target in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Target currently has an average rating of “Moderate Buy” and a consensus price target of $177.61.

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.