Target Co. (TGT) Stake Lessened by TCW Group Inc.

TCW Group Inc. lessened its stake in Target Co. (NYSE:TGT) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,468 shares of the retailer’s stock after selling 4,418 shares during the quarter. TCW Group Inc.’s holdings in Target were worth $14,067,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TGT. Sun Life Financial INC raised its stake in Target by 739.5% during the second quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock worth $110,000 after acquiring an additional 1,272 shares during the period. CSat Investment Advisory L.P. acquired a new stake in Target during the second quarter worth about $114,000. Duncker Streett & Co. Inc. raised its stake in Target by 1,435.0% during the second quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock worth $117,000 after acquiring an additional 1,435 shares during the period. Squar Milner Financial Services LLC acquired a new stake in Target during the second quarter worth about $129,000. Finally, Private Capital Group LLC acquired a new stake in Target during the second quarter worth about $138,000. Institutional investors and hedge funds own 83.90% of the company’s stock.

TGT has been the topic of several research reports. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Wednesday, July 4th. Gordon Haskett upgraded shares of Target from a “hold” rating to an “accumulate” rating in a research note on Wednesday, July 25th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Tuesday, August 7th. Loop Capital set a $102.00 price target on shares of Target and gave the company a “hold” rating in a research note on Friday, August 17th. Finally, UBS Group raised their price target on shares of Target from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $87.68.

In related news, insider Janna A. Potts sold 15,172 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $88.00, for a total transaction of $1,335,136.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephanie A. Lundquist sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total transaction of $180,600.00. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Target stock opened at $83.63 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $45.15 billion, a PE ratio of 17.76, a P/E/G ratio of 2.37 and a beta of 0.70. Target Co. has a 12-month low of $54.04 and a 12-month high of $90.39.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 22nd. The retailer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.07. The business had revenue of $17.78 billion during the quarter, compared to analysts’ expectations of $17.33 billion. Target had a net margin of 4.19% and a return on equity of 24.29%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.23 earnings per share. As a group, sell-side analysts anticipate that Target Co. will post 5.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Tuesday, November 20th. Target’s dividend payout ratio (DPR) is presently 54.35%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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