Westwood Holdings Group Inc. Cuts Position in Target Co. (NYSE:TGT)

Westwood Holdings Group Inc. cut its stake in Target Co. (NYSE:TGT) by 11.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 396,804 shares of the retailer’s stock after selling 49,819 shares during the period. Westwood Holdings Group Inc. owned about 0.08% of Target worth $34,367,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TGT. Krane Funds Advisors LLC purchased a new stake in Target during the second quarter valued at about $25,000. Advisory Alpha LLC purchased a new stake in Target during the first quarter valued at about $30,000. Icon Wealth Partners LLC purchased a new stake in Target during the first quarter valued at about $31,000. Larson Financial Group LLC purchased a new stake in Target during the second quarter valued at about $31,000. Finally, SRS Capital Advisors Inc. purchased a new stake in Target during the second quarter valued at about $37,000. Institutional investors own 81.82% of the company’s stock.

In related news, insider Laysha Ward sold 20,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $110.23, for a total value of $2,204,600.00. Following the completion of the transaction, the insider now directly owns 88,171 shares of the company’s stock, valued at $9,719,089.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Edward Mcnamara sold 20,386 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $108.25, for a total transaction of $2,206,784.50. Following the completion of the transaction, the insider now directly owns 64,517 shares of the company’s stock, valued at $6,983,965.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,369 shares of company stock valued at $9,751,164. 0.24% of the stock is owned by insiders.



Several analysts have issued reports on the stock. KeyCorp upped their price target on shares of Target from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Cowen set a $120.00 price target on shares of Target and gave the company a “buy” rating in a research report on Wednesday, August 21st. Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $130.00 in a research report on Thursday, August 22nd. Robert W. Baird set a $115.00 price target on shares of Target and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Morgan Stanley upped their price target on shares of Target from $76.00 to $107.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $102.37.

Shares of NYSE:TGT traded down $0.40 during midday trading on Friday, hitting $107.47. 1,812,800 shares of the stock traded hands, compared to its average volume of 7,017,497. The stock has a market capitalization of $54.81 billion, a PE ratio of 19.94, a P/E/G ratio of 2.47 and a beta of 0.53. The business’s 50 day moving average is $97.02 and its two-hundred day moving average is $85.46. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 1.05. Target Co. has a one year low of $60.15 and a one year high of $110.94.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $1.82 EPS for the quarter, beating the consensus estimate of $1.61 by $0.21. The firm had revenue of $18.42 billion during the quarter, compared to the consensus estimate of $18.32 billion. Target had a net margin of 4.10% and a return on equity of 27.43%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 earnings per share. As a group, sell-side analysts forecast that Target Co. will post 6.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Tuesday, November 19th. Target’s payout ratio is currently 48.98%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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