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

Representative Kelly Morrison (D-Minnesota) recently bought shares of Target Co. NYSE: TGT. In a filing disclosed on April 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Target stock on March 3rd. The trade occurred in the Representative's "BROKERAGE 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.
• Sold $15,001 - $50,000 in shares of Target NYSE: TGT on 3/21/2025.

Target Stock Performance

Shares of TGT traded up $0.06 on Friday, reaching $92.77. 10,452,844 shares of the stock traded hands, compared to its average volume of 5,549,072. The stock'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 firm has a market cap 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 12 month low of $87.35 and a 12 month high of $171.06.

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

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Target Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TGT. Butensky & Cohen Financial Security Inc. raised its stake in shares of Target by 4.2% during the first quarter. Butensky & Cohen Financial Security Inc. now owns 27,617 shares of the retailer's stock worth $2,882,000 after buying an additional 1,103 shares during the last quarter. Radnor Capital Management LLC grew its holdings in Target by 6.1% during the 1st quarter. Radnor Capital Management LLC now owns 9,695 shares of the retailer's stock worth $1,012,000 after acquiring an additional 561 shares during the period. Arkfeld Wealth Strategies L.L.C. raised its position in shares of Target by 37.1% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,072 shares of the retailer's stock valued at $1,472,000 after acquiring an additional 4,078 shares during the last quarter. Davis Capital Management acquired a new position in shares of Target in the 1st quarter valued at $181,000. Finally, Intellectus Partners LLC lifted its stake in shares of Target by 18.3% in the 1st quarter. Intellectus Partners LLC now owns 6,956 shares of the retailer's stock valued at $726,000 after purchasing an additional 1,076 shares during the period. Institutional investors own 79.73% of the company's stock.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Piper Sandler dropped their price target on shares of Target from $132.00 to $124.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. DA Davidson dropped their target price on Target from $153.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Target in a research note on Wednesday, March 5th. The Goldman Sachs Group dropped their price objective on Target from $166.00 to $142.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Truist Financial reduced their target price on shares of Target from $124.00 to $82.00 and set a "hold" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Target has an average rating of "Hold" and an average price target of $134.57.

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.