Callan Family Office LLC Boosts Stock Holdings in Target Corporation $TGT

Key Points

• Callan Family Office LLC increased its holdings in Target Corporation by 76.9% in Q2, now owning 12,092 shares valued at approximately $1.19 million.
• Target's latest earnings report showed a net margin of 3.72% and earnings of $2.05 per share, beating analysts' expectations.
• The company announced a quarterly dividend increase to $1.14 per share, providing investors with a yield of 5.3%.

Callan Family Office LLC grew its position in shares of Target Corporation (NYSE:TGT - Free Report) by 76.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,092 shares of the retailer's stock after buying an additional 5,258 shares during the quarter. Callan Family Office LLC's holdings in Target were worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TGT. Punch & Associates Investment Management Inc. boosted its holdings in Target by 48.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer's stock worth $8,786,000 after purchasing an additional 27,329 shares during the last quarter. DSG Capital Advisors LLC boosted its holdings in Target by 16.1% in the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after purchasing an additional 21,726 shares during the last quarter. Precedent Wealth Partners LLC boosted its holdings in Target by 27.7% in the second quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer's stock worth $1,303,000 after purchasing an additional 2,869 shares during the last quarter. Correct Capital Wealth Management boosted its holdings in Target by 44.7% in the first quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock worth $1,415,000 after purchasing an additional 4,189 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in Target in the first quarter worth approximately $4,623,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

Target Trading Down 3.7%

Shares of Target stock opened at $85.79 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a 1-year low of $85.36 and a 1-year high of $161.50. The company's fifty day simple moving average is $94.48 and its 200-day simple moving average is $96.82. The stock has a market capitalization of $38.98 billion, a PE ratio of 10.00, a P/E/G ratio of 2.48 and a beta of 1.18.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion for the quarter, compared to analysts' expectations of $24.84 billion. During the same quarter in the previous year, the company earned $2.57 EPS. Target's revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is an increase from Target's previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, November 12th. Target's dividend payout ratio (DPR) is 53.15%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Target in a report on Wednesday, October 8th. Jefferies Financial Group reduced their price target on shares of Target from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Loop Capital set a $95.00 price target on shares of Target in a research report on Thursday, July 17th. Piper Sandler reaffirmed a "neutral" rating on shares of Target in a research report on Tuesday, July 29th. Finally, Citigroup upped their price target on shares of Target from $94.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $109.65.

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.

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