Callan Family Office LLC Buys 5,258 Shares of Target Corporation $TGT

Callan Family Office LLC raised its stake in Target Corporation (NYSE:TGT) by 76.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,092 shares of the retailer’s stock after acquiring an additional 5,258 shares during the period. Callan Family Office LLC’s holdings in Target were worth $1,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raleigh Capital Management Inc. increased its holdings in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares during the last quarter. Kozak & Associates Inc. increased its holdings in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Target in the 2nd quarter valued at $29,000. Global Assets Advisory LLC bought a new stake in Target in the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC bought a new stake in Target in the 1st quarter valued at $32,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TGT. Truist Financial reduced their price target on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Piper Sandler restated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Citigroup boosted their target price on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Target in a report on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Nine investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $109.65.

Target Stock Performance

Shares of NYSE:TGT opened at $85.79 on Monday. The company has a market capitalization of $38.98 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.48 and a beta of 1.18. Target Corporation has a 12 month low of $85.36 and a 12 month high of $161.50. The firm’s 50-day moving average is $94.48 and its 200 day moving average is $96.82. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is currently 53.15%.

Target Company 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.