Target Co. (NYSE:TGT) Stake Decreased by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. trimmed its holdings in Target Co. (NYSE:TGTFree Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,993 shares of the retailer’s stock after selling 356 shares during the quarter. Target comprises 1.4% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 16th largest holding. Dominguez Wealth Management Solutions Inc.’s holdings in Target were worth $1,892,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of Target in the third quarter worth $28,000. Wolff Wiese Magana LLC lifted its holdings in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC acquired a new stake in Target in the third quarter worth about $36,000. Catalyst Capital Advisors LLC bought a new position in Target in the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN increased its stake in Target by 330.8% during the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after buying an additional 215 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

NYSE TGT opened at $133.62 on Friday. 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 market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The company has a 50 day simple moving average of $136.45 and a 200-day simple moving average of $145.23. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGTGet Free Report) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Melius Research began coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Roth Mkm decreased their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and cut their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $158.23.

Read Our Latest Stock Analysis on TGT

Target Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.