Dominguez Wealth Management Solutions Inc. Sells 356 Shares of Target Co. (NYSE:TGT)

Dominguez Wealth Management Solutions Inc. lowered its holdings in shares of Target Co. (NYSE:TGT) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 13,993 shares of the retailer’s stock after selling 356 shares during the period. Target accounts for about 1.4% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 16th largest position. Dominguez Wealth Management Solutions Inc.’s holdings in Target were worth $1,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TGT. State Street Corp lifted its holdings in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC raised its position in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Geode Capital Management LLC raised its position in shares of Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares during the period. Legal & General Group Plc boosted its holdings in shares of Target by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after buying an additional 279,656 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after buying an additional 62,916 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.3 %

Shares of TGT opened at $133.62 on Friday. The company has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. Target Co. has a one year low of $120.21 and a one year high of $181.86. The business’s 50 day simple moving average is $136.45 and its 200-day simple moving average is $145.23. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 EPS. As a group, sell-side analysts predict that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.35%. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGT. Oppenheimer reissued an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. Piper Sandler lowered their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Citigroup upped their price target on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday. Finally, 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 objective on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Target has an average rating of “Hold” and an average price target of $158.23.

Target 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.