Coastline Trust Co Has $816,000 Stock Holdings in Target Co. (NYSE:TGT)

Coastline Trust Co raised its stake in Target Co. (NYSE:TGT) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,236 shares of the retailer’s stock after purchasing an additional 325 shares during the quarter. Coastline Trust Co’s holdings in Target were worth $816,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in Target during the second quarter worth $25,000. Slocum Gordon & Co LLP bought a new position in shares of Target in the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target during the 2nd quarter worth about $31,000. Wolff Wiese Magana LLC raised its holdings in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Target in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 0.9 %

Shares of TGT opened at $152.16 on Friday. The firm has a 50 day simple moving average of $152.56 and a two-hundred day simple moving average of $150.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. Target Co. has a one year low of $127.19 and a one year high of $181.86. The company has a market cap of $70.10 billion, a P/E ratio of 15.72, a P/E/G ratio of 2.00 and a beta of 1.24.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. Research analysts forecast that Target Co. will post 9.54 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 46.28%.

Insider Buying and Selling

In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last three months. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Target in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Roth Mkm raised their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, August 26th. Finally, Jefferies Financial Group increased their price objective on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

About Target

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.