TCW Group Inc. Has $50.44 Million Stock Position in Target Co. (NYSE:TGT)

TCW Group Inc. lessened its position in shares of Target Co. (NYSE:TGT) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,629 shares of the retailer’s stock after selling 1,183 shares during the quarter. TCW Group Inc. owned approximately 0.07% of Target worth $50,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TGT. Soltis Investment Advisors LLC bought a new position in shares of Target during the 3rd quarter worth approximately $326,000. Rehmann Capital Advisory Group raised its stake in Target by 234.3% during the third quarter. Rehmann Capital Advisory Group now owns 7,237 shares of the retailer’s stock worth $1,159,000 after acquiring an additional 5,072 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Target by 4.8% during the third quarter. TD Private Client Wealth LLC now owns 8,140 shares of the retailer’s stock valued at $1,269,000 after acquiring an additional 375 shares during the period. Neo Ivy Capital Management boosted its stake in shares of Target by 4.7% in the 3rd quarter. Neo Ivy Capital Management now owns 15,454 shares of the retailer’s stock valued at $2,408,000 after purchasing an additional 694 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Target by 6.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,042 shares of the retailer’s stock worth $1,565,000 after purchasing an additional 633 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

NYSE TGT opened at $135.09 on Wednesday. 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 Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The business has a 50 day simple moving average of $145.97 and a 200 day simple moving average of $147.52. The stock has a market cap of $61.90 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.17 and a beta of 1.17.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 47.51%.

Insider Buying and Selling at Target

In related news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Melius Research started coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Citigroup downgraded shares of Target from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $188.00 to $130.00 in a research report on Wednesday, November 20th. Evercore ISI lowered their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Finally, UBS Group upped their target price on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $160.57.

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.