Coastline Trust Co Sells 3,111 Shares of Target Corporation $TGT

Coastline Trust Co decreased its position in Target Corporation (NYSE:TGT) by 65.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,669 shares of the retailer’s stock after selling 3,111 shares during the period. Coastline Trust Co’s holdings in Target were worth $165,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Kozak & Associates Inc. raised its stake in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the period. WPG Advisers LLC bought a new position in Target in the first quarter valued at $32,000. 1248 Management LLC bought a new stake in Target in the 1st quarter worth approximately $38,000. Atwood & Palmer Inc. raised its position in Target by 951.4% in the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after purchasing an additional 352 shares during the period. Finally, Abound Financial LLC bought a new position in Target during the 1st quarter worth approximately $43,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Up 1.0%

Shares of NYSE TGT opened at $88.04 on Friday. Target Corporation has a twelve month low of $86.30 and a twelve month high of $161.50. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $97.53 and a two-hundred day simple moving average of $98.02. The firm has a market cap of $40.01 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16.

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

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 5.2%. Target’s dividend payout ratio is 53.15%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TGT. Barclays reissued an “underweight” rating and set a $91.00 target price on shares of Target in a research note on Monday, July 21st. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Target in a research note on Wednesday, August 20th. Jefferies Financial Group cut their target price 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. Finally, Royal Bank Of Canada raised their price objective on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.48.

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.