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 $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 Price Performance

TGT stock opened at $94.23 on Tuesday. The business has a 50 day simple moving average of $118.45 and a 200-day simple moving average of $134.16. Target Co. has a twelve month low of $90.25 and a twelve month high of $173.05. The company has a market capitalization of $42.93 billion, a P/E ratio of 9.99, a PEG ratio of 1.94 and a beta of 1.28. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping 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 company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, equities analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.75%. Target’s dividend payout ratio is presently 50.56%.

Institutional Trading of Target

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the 3rd quarter valued at about $28,000. Bernard Wealth Management Corp. bought a new stake in Target in the 4th quarter valued at approximately $30,000. Hopwood Financial Services Inc. acquired a new position in Target during the 4th quarter worth approximately $29,000. MCF Advisors LLC grew its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on TGT shares. Evercore ISI reduced their price target on Target from $130.00 to $120.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. Finally, Guggenheim upped their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $137.48.

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.