Brown Advisory Inc. Sells 24,229 Shares of Target Co. (NYSE:TGT)

Brown Advisory Inc. lowered its holdings in Target Co. (NYSE:TGT - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,164 shares of the retailer's stock after selling 24,229 shares during the period. Brown Advisory Inc.'s holdings in Target were worth $23,138,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nicholas Company Inc. grew its stake in shares of Target by 20.5% in the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock worth $7,544,000 after purchasing an additional 9,485 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock worth $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Sierra Summit Advisors LLC increased its position in shares of Target by 29.0% in the fourth quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock worth $1,940,000 after acquiring an additional 3,231 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Target in the fourth quarter worth approximately $6,459,000. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock worth $2,430,000 after acquiring an additional 3,590 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Analyst Ratings Changes

TGT has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Target from $124.00 to $82.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group lowered shares of Target from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $142.00 to $101.00 in a research note on Wednesday, April 16th. Guggenheim raised their price objective on shares of Target from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company decreased their price objective on shares of Target from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Finally, Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $129.20.

Target Stock Performance

Shares of NYSE:TGT traded up $3.64 on Monday, hitting $100.04. 3,943,971 shares of the company were exchanged, compared to its average volume of 5,798,942. The company's 50 day moving average price is $99.88 and its two-hundred day moving average price is $123.45. Target Co. has a one year low of $87.35 and a one year high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $45.46 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's payout ratio is 50.56%.

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.