Harbour Investments Inc. Grows Holdings in Target Co. (NYSE:TGT)

Harbour Investments Inc. raised its stake in shares of Target Co. (NYSE:TGT) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,180 shares of the retailer’s stock after buying an additional 835 shares during the quarter. Harbour Investments Inc.’s holdings in Target were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Centurion Wealth Management LLC grew its holdings in Target by 28.5% during the 4th quarter. Centurion Wealth Management LLC now owns 2,448 shares of the retailer’s stock valued at $331,000 after buying an additional 543 shares in the last quarter. one8zero8 LLC purchased a new stake in Target during the 4th quarter valued at approximately $253,000. Choate Investment Advisors grew its holdings in Target by 52.9% during the 4th quarter. Choate Investment Advisors now owns 5,240 shares of the retailer’s stock valued at $708,000 after buying an additional 1,814 shares in the last quarter. Harrington Investments INC grew its holdings in shares of Target by 2.4% in the fourth quarter. Harrington Investments INC now owns 7,364 shares of the retailer’s stock valued at $995,000 after purchasing an additional 170 shares in the last quarter. Finally, Ironwood Investment Management LLC purchased a new position in shares of Target in the fourth quarter valued at $404,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TGT. StockNews.com lowered shares of Target from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Telsey Advisory Group cut their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Citigroup lowered their price target on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and lowered their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One 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. According to data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus target price of $145.87.

Target Stock Performance

TGT opened at $104.55 on Wednesday. Target Co. has a 52-week low of $103.46 and a 52-week 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. The company has a market cap of $47.63 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The firm’s 50-day moving average price is $127.98 and its 200-day moving average price is $138.95.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating 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. As a group, equities analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.29%. Target’s dividend payout ratio is currently 50.56%.

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.