Arkfeld Wealth Strategies L.L.C. Has $1.47 Million Stake in Target Co. (NYSE:TGT)

Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 37.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 15,072 shares of the retailer's stock after acquiring an additional 4,078 shares during the period. Arkfeld Wealth Strategies L.L.C.'s holdings in Target were worth $1,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Horrell Capital Management Inc. boosted its position in shares of Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock worth $3,603,000 after purchasing an additional 76 shares in the last quarter. Fiducient Advisors LLC raised its stake in Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after buying an additional 78 shares during the period. Napatree Capital LLC lifted its holdings in Target by 2.4% during the fourth quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock worth $488,000 after acquiring an additional 85 shares in the last quarter. Legacy Investment Solutions LLC grew its stake in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares during the period. Finally, Bontempo Ohly Capital Mgmt LLC grew its stake in Target by 0.3% in the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock valued at $3,875,000 after acquiring an additional 85 shares during the period. Institutional investors own 79.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TGT. Gordon Haskett cut Target from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Morgan Stanley cut their price target on shares of Target from $160.00 to $112.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. The Goldman Sachs Group reduced their price target on shares of Target from $101.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Cfra Research lowered shares of Target from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Evercore ISI reduced their target price on shares of Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $116.70.

Target Stock Performance

Shares of NYSE:TGT traded up $3.81 during trading on Friday, reaching $97.33. 7,816,651 shares of the stock were exchanged, compared to its average volume of 6,049,559. The firm has a market cap of $44.22 billion, a PE ratio of 10.32, a PEG ratio of 1.94 and a beta of 1.22. The company has a current ratio of 0.94, a quick ratio of 0.25 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. The stock has a 50-day moving average price of $95.38 and a 200-day moving average price of $116.56.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 earnings per share. Research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Wednesday, May 14th. Target's dividend payout ratio (DPR) is 49.23%.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider now directly owns 246,453 shares in the company, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company's stock.

About Target

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.