Haven Capital Group Inc. Invests $446,000 in Target Co. (NYSE:TGT)

Haven Capital Group Inc. purchased a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, Holdings Channel reports. The firm purchased 3,303 shares of the retailer’s stock, valued at approximately $446,000. Target makes up about 0.4% of Haven Capital Group Inc.’s portfolio, making the stock its 29th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in Target during the 4th quarter valued at about $29,000. MCF Advisors LLC raised its position in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Target by 110.7% in the 4th 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 period. Finally, FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of Target from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research note on Wednesday, November 20th. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.87.

Target Stock Performance

Shares of TGT stock opened at $105.61 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average price of $128.68 and a 200-day moving average price of $139.29. Target Co. has a 52 week low of $103.46 and a 52 week high of $181.86. The firm has a market capitalization of $48.11 billion, a PE ratio of 11.20, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.24%. Target’s payout ratio is 50.56%.

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.