Castlekeep Investment Advisors LLC purchased a new position in shares of Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,352,881 shares of the retailer's stock, valued at approximately $182,882,000. Target makes up approximately 1.2% of Castlekeep Investment Advisors LLC's portfolio, making the stock its 23rd biggest position. Castlekeep Investment Advisors LLC owned 0.30% of Target at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TGT. Bernard Wealth Management Corp. purchased a new stake in Target during the fourth quarter worth $30,000. Hopwood Financial Services Inc. acquired a new position in shares of Target during the 4th quarter worth $29,000. MCF Advisors LLC boosted its position in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC increased its holdings in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Trading Up 1.4 %
NYSE:TGT opened at $97.29 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a one year low of $87.35 and a one year high of $167.40. The business's 50-day simple moving average is $102.51 and its 200 day simple moving average is $125.39. The stock has a market cap of $44.20 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.
Target (NYSE:TGT - Get Free Report) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, sell-side analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.
Target Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.60%. Target's dividend payout ratio (DPR) is 50.56%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. UBS Group reduced their price target on shares of Target from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Target in a report on Wednesday, March 5th. Bank of America cut their price target on Target from $160.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Roth Mkm reaffirmed a "neutral" rating and set a $122.00 price objective (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company cut their target price on shares of Target from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $132.37.
Read Our Latest Research Report on TGT
Target Profile
(
Free Report)
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.
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