Brown Advisory Inc. Has $14.91 Million Holdings in Target Corporation (NYSE:TGT)

Brown Advisory Inc. decreased its position in shares of Target Corporation (NYSE:TGT - Free Report) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,876 shares of the retailer's stock after selling 28,288 shares during the quarter. Brown Advisory Inc.'s holdings in Target were worth $14,910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors boosted its stake in Target by 6.3% during the 4th quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock worth $2,964,565,000 after acquiring an additional 1,306,552 shares during the last quarter. FMR LLC lifted its stake in Target by 13.6% in the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after buying an additional 1,358,348 shares in the last quarter. Geode Capital Management LLC lifted its stake in Target by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock valued at $1,332,317,000 after buying an additional 470,990 shares in the last quarter. Norges Bank bought a new position in Target in the fourth quarter valued at approximately $757,892,000. Finally, Northern Trust Corp lifted its stake in Target by 16.3% in the fourth quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock valued at $726,814,000 after buying an additional 754,883 shares in the last quarter. Institutional investors own 79.73% of the company's stock.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the transaction, the insider directly owned 246,453 shares in the company, valued at $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TGT. Sanford C. Bernstein lowered shares of Target from a "market perform" rating to an "underperform" rating and cut their price target for the company from $97.00 to $82.00 in a research note on Monday, May 12th. Royal Bank Of Canada cut their price target on shares of Target from $112.00 to $103.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Cfra Research lowered shares of Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. BMO Capital Markets cut their price target on shares of Target from $100.00 to $95.00 and set a "market perform" rating on the stock in a research note on Thursday, May 22nd. Finally, Guggenheim cut their price target on shares of Target from $155.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Target has an average rating of "Hold" and a consensus price target of $116.70.

Target Stock Down 0.5%

TGT traded down $0.48 during trading on Friday, reaching $104.26. 3,863,821 shares of the stock were exchanged, compared to its average volume of 6,283,549. The stock has a market cap of $47.37 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. Target Corporation has a twelve month low of $87.35 and a twelve month high of $167.40. The stock's 50 day moving average price is $97.69 and its two-hundred day moving average price is $110.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a net margin of 3.95% and a return on equity of 25.59%. The company had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Target's revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. Target's dividend payout ratio is currently 49.23%.

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.