DMKC Advisory Services LLC Invests $1.40 Million in Target Co. (NYSE:TGT)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Illinois Municipal Retirement Fund grew its stake in Target by 13.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 123,945 shares of the retailer’s stock worth $16,755,000 after buying an additional 14,963 shares during the period. Vaughan David Investments LLC IL lifted its holdings in shares of Target by 0.9% during the 4th quarter. Vaughan David Investments LLC IL now owns 295,045 shares of the retailer’s stock valued at $39,884,000 after acquiring an additional 2,577 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Target by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after purchasing an additional 234,409 shares during the period. Sentry Investment Management LLC acquired a new stake in Target in the 4th quarter valued at $232,000. Finally, Brown Financial Advisors raised its position in Target by 28.6% in the fourth quarter. Brown Financial Advisors now owns 12,818 shares of the retailer’s stock valued at $1,733,000 after purchasing an additional 2,847 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 1.3 %

NYSE:TGT opened at $127.36 on Wednesday. The firm has a market capitalization of $58.36 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.94 and a beta of 1.15. The business has a 50 day simple moving average of $134.20 and a 200 day simple moving average of $142.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TGT. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. Roth Mkm lowered their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research note on Wednesday, November 20th. BMO Capital Markets decreased their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, Stifel Nicolaus lifted their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $157.70.

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.