Target (NYSE:TGT) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Target Co. (NYSE:TGT). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Target stock on March 5th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Target Trading Down 2.7 %

TGT opened at $92.14 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average of $111.35 and a 200-day moving average of $130.99. Target Co. has a twelve month low of $87.35 and a twelve month high of $169.09. The stock has a market cap of $41.98 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.86%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

TGT has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Roth Capital set a $122.00 target price on Target in a report on Wednesday, March 5th. Stifel Nicolaus decreased their price target on Target from $130.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Oppenheimer dropped their price objective on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Evercore ISI reduced their target price on shares of Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $134.57.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently made changes to their positions in TGT. Norges Bank bought a new position in shares of Target in the fourth quarter valued at approximately $757,892,000. Raymond James Financial Inc. purchased a new position in shares of Target during the 4th quarter valued at $297,122,000. Ameriprise Financial Inc. increased its holdings in shares of Target by 61.2% in the fourth quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock worth $536,407,000 after purchasing an additional 1,506,275 shares during the period. FMR LLC raised its position in shares of Target by 13.6% in the fourth quarter. FMR LLC now owns 11,338,729 shares of the retailer’s stock worth $1,532,769,000 after buying an additional 1,358,348 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in Target during the fourth quarter valued at $182,882,000. 79.73% of the stock is currently owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.