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

TCW Group Inc. lowered its position in shares of Target Co. (NYSE:TGT) by 43.1% during the fourth quarter, HoldingsChannel reports. The fund 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Winebrenner Capital Management LLC acquired a new position in Target during the 4th quarter worth about $1,390,000. Deseret Mutual Benefit Administrators lifted its holdings in Target by 1.5% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 7,904 shares of the retailer’s stock worth $1,068,000 after buying an additional 116 shares during the period. Greystone Financial Group LLC lifted its holdings in Target by 43.4% during the 4th quarter. Greystone Financial Group LLC now owns 57,289 shares of the retailer’s stock worth $7,744,000 after buying an additional 17,349 shares during the period. VisionPoint Advisory Group LLC acquired a new position in Target during the 4th quarter worth about $206,000. Finally, Cordatus Wealth Management LLC acquired a new position in Target during the 4th quarter worth about $2,161,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TGT shares. Bank of America cut 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. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Oppenheimer reissued an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Sanford C. Bernstein boosted their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Finally, Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Stock Performance

Shares of TGT opened at $124.40 on Friday. 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 stock has a 50 day moving average price of $134.41 and a two-hundred day moving average price of $142.74. The firm has a market capitalization of $57.00 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company 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%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 earnings per share. Equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.