Target Co. (NYSE:TGT) Position Cut by Callan Capital LLC

Callan Capital LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Target during the fourth quarter worth about $29,000. Tower View Wealth Management LLC grew its holdings in Target by 82.8% during the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock worth $26,000 after acquiring an additional 106 shares during the period. Friedenthal Financial acquired a new position in Target during the fourth quarter worth about $45,000. McGlone Suttner Wealth Management Inc. acquired a new position in Target during the fourth quarter worth about $49,000. Finally, MV Capital Management Inc. grew its holdings in Target by 200.8% during the fourth quarter. MV Capital Management Inc. now owns 361 shares of the retailer’s stock worth $51,000 after acquiring an additional 241 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TGT shares. Evercore ISI decreased their price target on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Truist Financial increased their price target on Target from $142.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Stifel Nicolaus increased their price target on Target from $153.00 to $177.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Gordon Haskett increased their price target on Target from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Citigroup increased their price target on Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Target presently has an average rating of “Moderate Buy” and a consensus price target of $181.85.

Target Stock Performance

Shares of TGT stock traded up $0.26 during trading on Friday, reaching $164.70. The company had a trading volume of 2,085,477 shares, compared to its average volume of 3,695,829. The firm’s 50 day simple moving average is $165.52 and its two-hundred day simple moving average is $143.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a market capitalization of $76.04 billion, a PE ratio of 18.44, a PEG ratio of 1.55 and a beta of 1.14.

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

Target Announces Dividend

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

Insiders Place Their Bets

In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the sale, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 in the last three months. Company insiders own 0.23% of the company’s stock.

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.