Castlekeep Investment Advisors LLC Invests $1.35 Million in Target Co. (NYSE:TGT)

Castlekeep Investment Advisors LLC purchased a new stake in shares of Target Co. (NYSE:TGT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,008 shares of the retailer's stock, valued at approximately $1,353,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Advisory Alpha LLC purchased a new stake in shares of Target during the 4th quarter worth approximately $277,000. Mutual Advisors LLC grew its holdings in Target by 46.8% during the fourth quarter. Mutual Advisors LLC now owns 31,392 shares of the retailer's stock valued at $4,183,000 after purchasing an additional 10,006 shares during the period. Raleigh Capital Management Inc. increased its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Target by 8.9% in the fourth quarter. Avior Wealth Management LLC now owns 4,700 shares of the retailer's stock valued at $635,000 after buying an additional 384 shares during the period. Finally, Secure Asset Management LLC lifted its position in shares of Target by 13.7% during the 4th quarter. Secure Asset Management LLC now owns 13,663 shares of the retailer's stock valued at $1,847,000 after buying an additional 1,648 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Target Trading Up 2.7%

Target stock traded up $2.58 during mid-day trading on Tuesday, reaching $96.87. 6,496,040 shares of the company traded hands, compared to its average volume of 6,008,982. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm's 50 day moving average price is $97.07 and its 200 day moving average price is $119.37. The firm has a market capitalization of $44.01 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share 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 analysts' expectations of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 earnings per share. On average, analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

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 given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.62%. Target's dividend payout ratio (DPR) is currently 49.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TGT shares. Baird R W downgraded Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Wells Fargo & Company reduced their price target on shares of Target from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Royal Bank of Canada lowered their price objective on Target from $112.00 to $103.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on Target from $130.00 to $120.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Finally, Telsey Advisory Group set a $110.00 target price on Target and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $116.68.

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.