TCW Group Inc. Sells 139,376 Shares of Target Co. (NYSE:TGT)

TCW Group Inc. reduced its holdings in Target Co. (NYSE:TGT) by 43.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,253 shares of the retailer’s stock after selling 139,376 shares during the quarter. TCW Group Inc.’s holdings in Target were worth $24,907,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Cynosure Group LLC increased its holdings in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares in the last quarter. Financial Advocates Investment Management grew its holdings in shares of Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares in the last quarter. Hancock Whitney Corp grew its holdings in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its holdings in shares of Target by 1.1% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after buying an additional 73 shares in the last quarter. Finally, Proffitt & Goodson Inc. grew its holdings in shares of Target by 2.2% during the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after buying an additional 73 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research reports. Citigroup increased their price objective on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. TD Cowen decreased their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Piper Sandler decreased their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 2.9 %

Shares of TGT opened at $124.40 on Friday. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The business’s fifty day moving average is $134.41 and its 200-day moving average is $142.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $57.00 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. 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 3.60%. Target’s dividend payout ratio is currently 47.51%.

Target Company 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.