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

NYSE:TGT opened at $94.23 on Tuesday. The company has a market cap of $42.93 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a fifty-two week low of $90.25 and a fifty-two week high of $173.05. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a fifty day moving average price of $118.45 and a 200-day moving average price of $134.16.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share 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 business 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 fiscal year.

Target Announces Dividend

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 dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.75%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Citigroup reduced their price objective on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Oppenheimer reduced their price target 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. Finally, Bank of America lowered their price objective 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. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $137.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Target by 10,318.0% in the first quarter. GAMMA Investing LLC now owns 967,835 shares of the retailer’s stock valued at $101,003,000 after purchasing an additional 958,545 shares in the last quarter. AdvisorNet Financial Inc boosted its position in Target by 114.9% during the 1st quarter. AdvisorNet Financial Inc now owns 4,386 shares of the retailer’s stock valued at $458,000 after acquiring an additional 2,345 shares in the last quarter. Exeter Financial LLC boosted its holdings in shares of Target by 10.5% during the 1st quarter. Exeter Financial LLC now owns 33,368 shares of the retailer’s stock valued at $3,482,000 after buying an additional 3,177 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Target by 15.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 27,066 shares of the retailer’s stock valued at $2,825,000 after purchasing an additional 3,670 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Target by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 56,384 shares of the retailer’s stock worth $7,622,000 after acquiring an additional 6,253 shares in the last quarter. 79.73% of the stock is owned by 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.