Target (NYSE:TGT) Stock Unloaded Rep. Kelly Morrison

Representative Kelly Morrison (D-Minnesota) recently sold shares of Target Co. NYSE: TGT. In a filing disclosed on April 04th, the Representative disclosed that they had sold between $100,001 and $250,000 in Target stock on March 21st. The trade occurred in the Representative's "BROKERAGE ACCOUNT 1" account.

Representative Kelly Morrison also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Target NYSE: TGT on 3/21/2025.
• Purchased $1,001 - $15,000 in shares of Target NYSE: TGT on 3/3/2025.

Target Trading Up 0.1 %

Shares of TGT stock traded up $0.06 during trading hours on Friday, hitting $92.77. The company had a trading volume of 10,452,844 shares, compared to its average volume of 5,549,072. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $171.06. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company's fifty day moving average is $113.01 and its 200 day moving average is $131.86. The stock has a market capitalization of $42.26 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

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

Remove Ads

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is 50.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TGT shares. Jefferies Financial Group lowered their target price on Target from $165.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Sanford C. Bernstein restated a "market perform" rating on shares of Target in a report on Wednesday, March 5th. Oppenheimer cut their target price on shares of Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Bank of America decreased their price target on shares of Target from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Finally, DA Davidson cut their price objective on Target from $153.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Target has a consensus rating of "Hold" and an average target price of $134.57.

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. Kathmere Capital Management LLC grew its stake in shares of Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock valued at $343,000 after purchasing an additional 73 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock worth $3,603,000 after purchasing an additional 76 shares during the period. Fiducient Advisors LLC lifted its holdings in shares of Target by 4.6% during the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after purchasing an additional 78 shares during the period. First PREMIER Bank grew its position in Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer's stock valued at $61,000 after buying an additional 80 shares during the last quarter. Finally, Winch Advisory Services LLC increased its stake in Target by 34.5% in the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock valued at $43,000 after buying an additional 82 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Representative Morrison

Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota's 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota's 3rd Congressional District. She declared candidacy for the 2026 election. Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison's career experience includes working as a physician.

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.