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

Castlekeep Investment Advisors LLC purchased a new stake in Target Co. (NYSE:TGT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,008 shares of the retailer's stock, valued at approximately $1,353,000.

Other institutional investors also recently modified their holdings of the company. Advisory Alpha LLC bought a new position in Target during the fourth quarter worth $277,000. Mutual Advisors LLC increased its position in Target by 46.8% during the fourth quarter. Mutual Advisors LLC now owns 31,392 shares of the retailer's stock worth $4,183,000 after acquiring an additional 10,006 shares during the period. Raleigh Capital Management Inc. increased its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after acquiring an additional 135 shares during the period. Avior Wealth Management LLC increased its position in Target by 8.9% during the fourth quarter. Avior Wealth Management LLC now owns 4,700 shares of the retailer's stock worth $635,000 after acquiring an additional 384 shares during the period. Finally, Secure Asset Management LLC increased its position in Target by 13.7% during the fourth quarter. Secure Asset Management LLC now owns 13,663 shares of the retailer's stock worth $1,847,000 after acquiring an additional 1,648 shares during the period. Institutional investors own 79.73% of the company's stock.

Target Stock Down 1.1%

TGT stock traded down $1.05 during mid-day trading on Wednesday, hitting $95.94. 4,375,476 shares of the company were exchanged, compared to its average volume of 6,002,477. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $43.59 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.94 and a beta of 1.27. The firm's 50 day simple moving average is $96.92 and its 200 day simple moving average is $119.21. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40.

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

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.67%. Target's dividend payout ratio (DPR) is currently 49.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Sanford C. Bernstein cut shares of Target from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $97.00 to $82.00 in a research note on Monday, May 12th. JPMorgan Chase & Co. increased their price objective on shares of Target from $105.00 to $109.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Evercore ISI dropped their price objective 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. Cfra Research cut shares of Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Mizuho dropped their price objective on shares of Target from $92.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $116.68.

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.