Brown Financial Advisors Purchases 2,847 Shares of Target Co. (NYSE:TGT)

Brown Financial Advisors boosted its holdings in shares of Target Co. (NYSE:TGT) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,818 shares of the retailer’s stock after acquiring an additional 2,847 shares during the period. Brown Financial Advisors’ holdings in Target were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter valued at about $28,000. MCF Advisors LLC raised its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. raised its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. FSA Wealth Management LLC bought a new position in Target in the third quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Target in the third quarter valued at approximately $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 1.5 %

Shares of TGT opened at $126.11 on Tuesday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The firm has a market cap of $57.79 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The firm’s 50-day simple moving average is $134.28 and its 200 day simple moving average is $142.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.55%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Ratings Changes

A number of equities research analysts recently commented on TGT shares. Bank of America dropped their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus lifted their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a report on Wednesday, November 20th. Finally, Truist Financial upped their price target on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $157.70.

Target 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.