Brown Advisory Inc. Trims Stake in Target Co. (NYSE:TGT)

Brown Advisory Inc. lessened its holdings in Target Co. (NYSE:TGTFree Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,591 shares of the retailer’s stock after selling 12,502 shares during the quarter. Brown Advisory Inc.’s holdings in Target were worth $30,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in Target during the fourth quarter valued at approximately $29,000. Private Wealth Management Group LLC purchased a new stake in Target during the fourth quarter valued at approximately $29,000. Pacific Capital Wealth Advisors Inc. bought a new position in Target in the fourth quarter worth approximately $33,000. Partnership Wealth Management LLC purchased a new position in shares of Target during the 4th quarter worth $40,000. Finally, Friedenthal Financial bought a new stake in shares of Target during the 4th quarter valued at $45,000. Institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,600 shares of company stock worth $8,819,598. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TGT. Wells Fargo & Company lifted their price objective on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Oppenheimer upped their price target on shares of Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. The Goldman Sachs Group raised their price objective on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. TheStreet raised shares of Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Finally, Evercore ISI decreased their price target on Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Get Our Latest Stock Analysis on Target

Target Trading Down 0.3 %

TGT stock opened at $160.13 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a market capitalization of $74.08 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17. The firm’s fifty day simple moving average is $166.63 and its two-hundred day simple moving average is $148.80.

Target (NYSE:TGTGet Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The business had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that Target Co. will post 9.42 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 49.27%.

Target Profile

(Free Report)

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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Institutional Ownership by Quarter for Target (NYSE:TGT)

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