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

Haven Capital Group Inc. bought a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,303 shares of the retailer’s stock, valued at approximately $446,000. Target comprises approximately 0.4% of Haven Capital Group Inc.’s investment portfolio, making the stock its 29th largest position.

A number of other large investors also recently made changes to their positions in TGT. State Street Corp raised its stake in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. Raymond James Financial Inc. purchased a new stake in Target during the fourth quarter worth about $297,122,000. Two Sigma Advisers LP raised its position in Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. FMR LLC raised its position in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after acquiring an additional 737,384 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TGT. Roth Mkm reissued a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a report on Wednesday, March 5th. UBS Group reduced their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Roth Capital set a $122.00 price target on shares of Target in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $145.87.

Target Stock Performance

Shares of NYSE TGT opened at $105.61 on Tuesday. The stock’s 50-day moving average is $128.68 and its 200 day moving average is $139.29. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a 1-year low of $103.46 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders 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 annualized dividend and a yield of 4.24%. Target’s payout ratio is 50.56%.

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.