Dominguez Wealth Management Solutions Inc. Buys 341 Shares of Target Co. (NYSE:TGT)

Dominguez Wealth Management Solutions Inc. increased its stake in shares of Target Co. (NYSE:TGT) by 2.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,511 shares of the retailer’s stock after acquiring an additional 341 shares during the period. Target comprises approximately 2.0% of Dominguez Wealth Management Solutions Inc.’s investment portfolio, making the stock its 13th largest holding. Dominguez Wealth Management Solutions Inc.’s holdings in Target were worth $2,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TGT. Bank of Nova Scotia raised its holdings in Target by 153.4% during the third quarter. Bank of Nova Scotia now owns 77,882 shares of the retailer’s stock worth $8,611,000 after acquiring an additional 47,144 shares in the last quarter. CWA Asset Management Group LLC raised its stake in Target by 6.5% in the third quarter. CWA Asset Management Group LLC now owns 3,110 shares of the retailer’s stock valued at $344,000 after buying an additional 190 shares during the period. Teza Capital Management LLC raised its stake in Target by 168.3% in the third quarter. Teza Capital Management LLC now owns 14,032 shares of the retailer’s stock valued at $1,552,000 after buying an additional 8,802 shares during the period. Ancora Advisors LLC raised its stake in Target by 83.2% in the third quarter. Ancora Advisors LLC now owns 11,933 shares of the retailer’s stock valued at $1,319,000 after buying an additional 5,420 shares during the period. Finally, Gotham Asset Management LLC raised its stake in Target by 1,356.3% in the third quarter. Gotham Asset Management LLC now owns 46,427 shares of the retailer’s stock valued at $5,133,000 after buying an additional 43,239 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TGT shares. Evercore ISI upped their price objective on Target from $165.00 to $166.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on Target from $209.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. BMO Capital Markets dropped their price objective on Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. TheStreet upgraded Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, BNP Paribas assumed coverage on Target in a research report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Target Price Performance

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

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

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s dividend payout ratio is presently 49.38%.

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.