Castlekeep Investment Advisors LLC Takes Position in Target Co. (NYSE:TGT)

Castlekeep Investment Advisors LLC purchased a new position in Target Co. (NYSE:TGT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,352,881 shares of the retailer's stock, valued at approximately $182,882,000. Target comprises about 1.2% of Castlekeep Investment Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Castlekeep Investment Advisors LLC owned 0.30% of Target as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Nicholas Company Inc. increased its position in shares of Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock valued at $7,544,000 after acquiring an additional 9,485 shares in the last quarter. River Road Asset Management LLC boosted its stake in Target by 144.9% during the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Sierra Summit Advisors LLC increased its holdings in shares of Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock worth $1,940,000 after purchasing an additional 3,231 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Target in the fourth quarter worth $6,459,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock valued at $2,430,000 after purchasing an additional 3,590 shares in the last quarter. Institutional investors own 79.73% of the company's stock.

Target Price Performance

TGT stock traded down $0.54 during mid-day trading on Friday, hitting $96.39. The company had a trading volume of 4,612,895 shares, compared to its average volume of 5,805,287. The company has a market capitalization of $43.80 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a 50-day moving average price of $99.88 and a 200 day moving average price of $123.63. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $87.35 and a 12-month high of $167.40.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. On average, research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm 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 dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's payout ratio is 50.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup decreased their target price on Target from $120.00 to $95.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Mizuho assumed coverage on shares of Target in a report on Friday, April 11th. They set a "neutral" rating and a $92.00 price objective for the company. KGI Securities set a $132.00 target price on shares of Target in a report on Wednesday, March 5th. DA Davidson cut their target price on shares of Target from $153.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Finally, Truist Financial lowered their price target on Target from $124.00 to $82.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $131.20.

Target Company 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.