Callan Family Office LLC Invests $1.18 Million in Target Co. (NYSE:TGT)

Callan Family Office LLC purchased a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,709 shares of the retailer’s stock, valued at approximately $1,177,000.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its stake in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. purchased a new position in Target in the 4th quarter valued at approximately $1,566,000. D.A. Davidson & CO. grew its stake in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares in the last quarter. Finally, LMG Wealth Partners LLC purchased a new position in Target in the 4th quarter valued at approximately $1,438,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TGT. Stifel Nicolaus reduced their price objective on shares of Target from $145.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and reduced their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. UBS Group cut their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Finally, Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $147.00.

Target Stock Performance

Target stock opened at $115.11 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $52.74 billion, a PE ratio of 12.21, a P/E/G ratio of 1.94 and a beta of 1.18. The firm has a fifty day simple moving average of $132.05 and a two-hundred day simple moving average of $141.49. Target Co. has a twelve month low of $112.10 and a twelve month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s payout ratio is 50.56%.

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.