Godshalk Welsh Capital Management Inc. Has $1.12 Million Stock Holdings in Target Co. (NYSE:TGT)

Godshalk Welsh Capital Management Inc. raised its stake in Target Co. (NYSE:TGT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,280 shares of the retailer’s stock after buying an additional 110 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in Target were worth $1,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGT. Legacy Investment Solutions LLC bought a new position in Target in the 3rd quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new position in Target in the 4th quarter valued at approximately $29,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Target in the third quarter worth $36,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.6 %

Target stock opened at $106.05 on Thursday. The firm has a market capitalization of $48.32 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The firm’s fifty day moving average price is $124.09 and its two-hundred day moving average price is $137.08. Target Co. has a 1-year low of $101.76 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 announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued 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 4.22%. Target’s dividend payout ratio (DPR) is currently 50.56%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TGT shares. DA Davidson lowered their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Piper Sandler lowered their price objective on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Bank of America reduced their target price on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company lowered their price target 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. Finally, Telsey Advisory Group reduced their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.55.

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.