Rep. Kelly Morrison Sells Off Shares of Target Co. (NYSE:TGT)

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 $15,001 and $50,000 in Target stock on March 21st. The trade occurred in the Representative's "RETIREMENT ACCOUNT 1" account.

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

• Sold $100,001 - $250,000 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 Stock Performance

Target stock traded up $0.06 during trading hours on Friday, hitting $92.77. 10,452,844 shares of the stock traded hands, compared to its average volume of 5,549,072. The firm's 50 day moving average price is $113.01 and its 200-day moving average price is $131.86. 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 stock has a market capitalization of $42.26 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 1.94 and a beta of 1.28. Target Co. has a 1 year low of $87.35 and a 1 year high of $171.06.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating 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 business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. As a group, equities analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

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Target Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TGT. The Goldman Sachs Group cut their price target on Target from $166.00 to $142.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Target in a report on Wednesday, March 5th. Bank of America decreased their price target on Target from $160.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Evercore ISI dropped their price objective on shares of Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Finally, Robert W. Baird cut shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 target price for the company. in a research note on Monday. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Target has an average rating of "Hold" and an average target price of $134.57.

Institutional Trading of Target

A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Target in the fourth quarter valued at approximately $757,892,000. State Street Corp boosted its stake in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer's stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Target in the 4th quarter valued at $297,122,000. Ameriprise Financial Inc. increased its stake in shares of Target by 61.2% in the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer's stock worth $536,407,000 after acquiring an additional 1,506,275 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer's stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

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.