Callan Capital LLC Sells 452 Shares of Target Co. (NYSE:TGT)

Callan Capital LLC lowered its stake in Target Co. (NYSE:TGT) by 18.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,022 shares of the retailer’s stock after selling 452 shares during the period. Callan Capital LLC’s holdings in Target were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter valued at approximately $28,000. MCF Advisors LLC lifted its position in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Target in the third quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Target in the third quarter valued at approximately $38,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 2.9 %

NYSE TGT opened at $124.40 on Friday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market cap of $57.00 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The stock’s fifty day moving average price is $134.41 and its 200-day moving average price is $142.74. 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 released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the business earned $2.10 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup upped their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Evercore ISI decreased their target price on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Gordon Haskett downgraded 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, seventeen have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $157.70.

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.