Rep. Jefferson Shreve Sells Target Co. (NYSE:TGT) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Target Co. (NYSE:TGT). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Target stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Target Price Performance

NYSE TGT traded up $4.62 during mid-day trading on Monday, hitting $101.02. The stock had a trading volume of 9,662,809 shares, compared to its average volume of 5,820,721. The firm’s 50 day moving average is $99.88 and its 200 day moving average is $123.45. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. 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 $45.90 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last posted 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital World Investors lifted its position in shares of Target by 6.3% during the 4th quarter. Capital World Investors now owns 21,930,569 shares of the retailer’s stock worth $2,964,565,000 after buying an additional 1,306,552 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Target by 407.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after buying an additional 12,825,586 shares during the period. FMR LLC lifted its position in shares of Target by 13.6% during the 4th 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 during the period. Geode Capital Management LLC lifted its position in shares of Target by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock worth $1,332,317,000 after buying an additional 470,990 shares during the period. Finally, Norges Bank bought a new position in shares of Target during the 4th quarter worth approximately $757,892,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Cfra Research lowered shares of Target from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 17th. DA Davidson lowered their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Baird R W downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Piper Sandler lowered their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, UBS Group lowered their price target on Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $129.20.

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.