Target Corporation $TGT Shares Sold by Coastline Trust Co

Coastline Trust Co trimmed its stake in shares of Target Corporation (NYSE:TGT) by 65.1% in the second quarter, Holdings Channel reports. 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 filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TGT. Charles Schwab Investment Management Inc. lifted its stake in shares of Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after purchasing an additional 12,825,586 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Target in the second quarter valued at approximately $595,839,000. Goldman Sachs Group Inc. raised its position in shares of Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Target by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after acquiring an additional 370,967 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Target by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock worth $420,413,000 after purchasing an additional 229,670 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial increased their target price on Target from $90.00 to $107.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Thursday, August 21st. Evercore ISI cut their price objective on Target from $106.00 to $105.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 23rd. Finally, Wedbush reaffirmed an “outperform” rating on shares of Target in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Target has an average rating of “Hold” and a consensus target price of $110.48.

Target Stock Up 1.0%

TGT stock opened at $88.04 on Friday. The company has a 50 day moving average of $97.53 and a two-hundred day moving average of $98.02. The company has a market cap of $40.01 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 2.53 and a beta of 1.16. Target Corporation has a 12-month low of $86.30 and a 12-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.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion during 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 firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts anticipate 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. Stockholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.2%. Target’s dividend payout ratio (DPR) 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.