Callan Capital LLC Sells 214 Shares of Target Co. (NYSE:TGT)

Callan Capital LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,029 shares of the retailer’s stock after selling 214 shares during the quarter. Callan Capital LLC’s holdings in Target were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. Rockbridge Investment Management LCC purchased a new position in Target during the second quarter valued at approximately $27,000. Hall Laurie J Trustee purchased a new position in shares of Target in the third quarter worth $37,000. JJJ Advisors Inc. lifted its holdings in shares of Target by 141.8% in the third quarter. JJJ Advisors Inc. now owns 237 shares of the retailer’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Stonebridge Financial Planning Group LLC lifted its holdings in shares of Target by 250.0% in the second quarter. Stonebridge Financial Planning Group LLC now owns 350 shares of the retailer’s stock worth $42,000 after buying an additional 250 shares in the last quarter. Finally, Keebeck Wealth Management LLC purchased a new position in shares of Target in the second quarter worth $43,000. Institutional investors own 80.87% of the company’s stock.

Shares of NYSE TGT traded down $2.56 during mid-day trading on Monday, reaching $157.67. The company had a trading volume of 74,908 shares, compared to its average volume of 5,052,206. The business’s 50-day moving average is $155.43 and its 200-day moving average is $130.03. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13. The stock has a market cap of $80.21 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.16 and a beta of 0.85. Target Co. has a 52 week low of $90.17 and a 52 week high of $167.42.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $3.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $1.74. The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $20.11 billion. Target had a net margin of 4.16% and a return on equity of 30.25%. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. As a group, equities research analysts forecast that Target Co. will post 7.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, November 17th. Target’s payout ratio is presently 42.57%.

In other Target news, insider Stephanie A. Lundquist sold 4,471 shares of the stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $161.00, for a total transaction of $719,831.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Edward Mcnamara sold 27,726 shares of the stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $157.15, for a total transaction of $4,357,140.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,789 shares of company stock worth $24,124,422. Company insiders own 0.52% of the company’s stock.

Several equities analysts have recently commented on TGT shares. DA Davidson started coverage on shares of Target in a report on Friday, August 14th. They issued a “buy” rating and a $152.00 target price on the stock. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a report on Thursday, August 20th. Tigress Financial reissued a “buy” rating on shares of Target in a report on Wednesday, September 23rd. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of Target in a research note on Wednesday, August 12th. Finally, BMO Capital Markets upped their price target on shares of Target from $135.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Target presently has an average rating of “Buy” and a consensus target price of $142.57.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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