Target Co. (NYSE:TGT) Shares Purchased by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. increased its position in shares of Target Co. (NYSE:TGT) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,511 shares of the retailer’s stock after acquiring an additional 341 shares during the quarter. Target makes up about 2.0% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 13th biggest holding. Dominguez Wealth Management Solutions Inc.’s holdings in Target were worth $2,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Ables Iannone Moore & Associates Inc. acquired a new position in Target in the fourth quarter valued at about $28,000. Private Wealth Management Group LLC acquired a new position in Target in the fourth quarter valued at about $29,000. Rakuten Securities Inc. purchased a new stake in Target during the fourth quarter worth about $29,000. Scarborough Advisors LLC purchased a new stake in Target during the fourth quarter worth about $29,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Target during the first quarter worth about $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock traded down $2.30 during trading hours on Monday, hitting $145.74. The stock had a trading volume of 2,627,052 shares, compared to its average volume of 3,938,581. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. The stock’s 50 day moving average is $152.97 and its 200 day moving average is $153.33. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The firm has a market capitalization of $67.43 billion, a PE ratio of 16.35, a PEG ratio of 1.39 and a beta of 1.19.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The company had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. During the same period in the prior year, the business earned $2.05 earnings per share. Target’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, research analysts forecast that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This is an increase from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 3.07%. Target’s dividend payout ratio (DPR) is currently 49.38%.

Analyst Ratings Changes

TGT has been the topic of a number of recent research reports. StockNews.com lowered shares of Target from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 23rd. Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Tuesday, May 7th. UBS Group cut their price target on shares of Target from $191.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Roth Mkm reiterated a “neutral” rating and set a $153.00 price target on shares of Target in a research note on Thursday, May 23rd. Finally, Gordon Haskett upped their target price on shares of Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Target currently has an average rating of “Moderate Buy” and an average target price of $177.61.

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.