Amalgamated Bank decreased its position in Target Co. (NYSE:TGT) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,480 shares of the retailer’s stock after selling 1,694 shares during the quarter. Amalgamated Bank’s holdings in Target were worth $5,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Target during the third quarter worth $104,000. Sun Life Financial INC increased its position in shares of Target by 739.5% during the second quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock worth $110,000 after acquiring an additional 1,272 shares during the period. CSat Investment Advisory L.P. purchased a new stake in shares of Target during the second quarter worth $114,000. ELM Advisors LLC purchased a new stake in shares of Target during the third quarter worth $141,000. Finally, Private Capital Group LLC purchased a new stake in shares of Target during the second quarter worth $138,000. 82.11% of the stock is currently owned by institutional investors.

Shares of TGT stock opened at $67.81 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.83 and a quick ratio of 0.13. The firm has a market cap of $35.39 billion, a P/E ratio of 14.40, a PEG ratio of 2.11 and a beta of 0.70. Target Co. has a 12 month low of $60.65 and a 12 month high of $90.39.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, November 20th. The retailer reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.02). Target had a net margin of 4.31% and a return on equity of 25.02%. The company had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that Target Co. will post 5.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a $0.64 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $2.56 annualized dividend and a yield of 3.78%. Target’s dividend payout ratio is presently 54.35%.

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

A number of analysts have recently weighed in on TGT shares. Cowen raised Target from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Wednesday, November 7th. Morgan Stanley cut their price objective on Target from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, November 23rd. Barclays reaffirmed a “hold” rating and set a $85.00 price objective on shares of Target in a research report on Wednesday, November 21st. Buckingham Research started coverage on shares of Target in a research note on Thursday, November 15th. They set a “buy” rating and a $102.00 target price for the company. Finally, Robert W. Baird boosted their target price on shares of Target from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $87.71.

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Target 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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