Callan Capital LLC Has $287,000 Stock Holdings in Target Co. (NYSE:TGT)

Callan Capital LLC cut its stake in shares of Target Co. (NYSE:TGT) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,017 shares of the retailer’s stock after selling 178 shares during the period. Callan Capital LLC’s holdings in Target were worth $287,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Tower View Wealth Management LLC lifted its position in shares of Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after buying an additional 106 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Target in the fourth quarter valued at approximately $29,000. Impact Partnership Wealth LLC lifted its position in shares of Target by 106.6% in the third quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after buying an additional 209 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Target in the fourth quarter valued at approximately $45,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Target in the fourth quarter valued at approximately $49,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock valued at $8,819,598 in the last 90 days. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup raised their price objective on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Tigress Financial boosted their target price on Target from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. TheStreet raised Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. The Goldman Sachs Group boosted their price objective on Target from $176.00 to $194.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Bank of America boosted their price objective on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Target presently has an average rating of “Moderate Buy” and an average price target of $181.85.

Target Stock Performance

TGT traded up $0.26 during mid-day trading on Friday, reaching $164.70. 2,085,477 shares of the company traded hands, compared to its average volume of 3,695,829. The stock has a market capitalization of $76.04 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.55 and a beta of 1.14. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average price is $165.52 and its 200-day moving average price is $143.02. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.27%.

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.