Godshalk Welsh Capital Management Inc. bought a new stake in shares of Target Co. (NYSE:TGT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,850 shares of the retailer’s stock, valued at approximately $781,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in Target during the third quarter valued at $104,000. Sun Life Financial INC raised its position in Target by 739.5% during the second quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock valued at $110,000 after buying an additional 1,272 shares during the period. CSat Investment Advisory L.P. acquired a new position in Target during the second quarter valued at $114,000. ELM Advisors LLC acquired a new position in Target during the third quarter valued at $141,000. Finally, Squar Milner Financial Services LLC acquired a new position in Target in the 2nd quarter worth about $129,000. 83.13% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE TGT opened at $69.26 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.17 and a debt-to-equity ratio of 1.10. The stock has a market cap of $36.33 billion, a PE ratio of 14.70, a P/E/G ratio of 1.90 and a beta of 0.73. Target Co. has a 52 week low of $55.25 and a 52 week high of $90.39.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, November 20th. The retailer reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.02). The company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.81 billion. Target had a net margin of 4.31% and a return on equity of 25.02%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. Research analysts expect that Target Co. will post 5.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Tuesday, November 20th. Target’s dividend payout ratio is 54.35%.

Several research analysts have weighed in on TGT shares. Loop Capital set a $102.00 target price on Target and gave the stock a “hold” rating in a research report on Friday, August 17th. KeyCorp started coverage on Target in a research report on Friday, November 16th. They issued an “overweight” rating and a $110.00 target price on the stock. ValuEngine lowered Target from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group upped their target price on Target from $76.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, August 17th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Target in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $88.19.

In other news, insider Janna A. Potts sold 15,172 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $88.00, for a total transaction of $1,335,136.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephanie A. Lundquist sold 2,100 shares of the stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total value of $180,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

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Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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