10,324 Shares in Target Co. (NYSE:TGT) Acquired by DMKC Advisory Services LLC

DMKC Advisory Services LLC bought a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,324 shares of the retailer’s stock, valued at approximately $1,396,000.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in Target in the third quarter worth about $28,000. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target during the 3rd quarter worth about $38,000. MCF Advisors LLC lifted its stake 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 acquiring an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 1.3 %

TGT stock opened at $127.36 on Wednesday. The company has a 50 day moving average of $134.20 and a two-hundred day moving average of $142.69. The company has a market cap of $58.36 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.52%. Target’s payout ratio is 47.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Sanford C. Bernstein boosted their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Stifel Nicolaus upped their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Bank of America decreased their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. BMO Capital Markets dropped their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Finally, Oppenheimer restated an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target 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.