Rep. Dan Newhouse Purchases Shares of Target Corporation (NYSE:TGT)

Representative Dan Newhouse (R-Washington) recently bought shares of Target Corporation (NYSE:TGT). In a filing disclosed on September 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Target stock on August 18th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of ONEOK (NYSE:OKE) on 8/18/2025.
• Sold $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of General Mills (NYSE:GIS) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Ross Stores (NASDAQ:ROST) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of AMETEK (NYSE:AME) on 8/18/2025.

Target Stock Up 1.0%

TGT opened at $88.75 on Tuesday. The company has a 50 day moving average of $97.27 and a 200 day moving average of $97.86. The company has a market cap of $40.33 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. Target’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.1%. Target’s payout ratio is 53.15%.

Institutional Investors Weigh In On Target

Several hedge funds have recently bought and sold shares of the business. Summit Financial Wealth Advisors LLC boosted its stake in Target by 26.3% during the second quarter. Summit Financial Wealth Advisors LLC now owns 4,723 shares of the retailer’s stock worth $466,000 after acquiring an additional 984 shares in the last quarter. Caldwell Trust Co bought a new stake in Target during the second quarter worth about $190,000. V. M. Manning & CO. Inc. bought a new stake in Target during the second quarter worth about $1,157,000. Osaic Holdings Inc. boosted its stake in Target by 4.1% during the second quarter. Osaic Holdings Inc. now owns 217,180 shares of the retailer’s stock worth $21,440,000 after acquiring an additional 8,565 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its stake in Target by 40.9% during the second quarter. Centaurus Financial Inc. now owns 5,561 shares of the retailer’s stock worth $549,000 after acquiring an additional 1,614 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TGT. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Target in a report on Wednesday, August 20th. Truist Financial raised their price target on shares of Target from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Loop Capital set a $95.00 price target on shares of Target in a report on Thursday, July 17th. Finally, Guggenheim reissued a “buy” rating and issued a $115.00 price target on shares of Target in a report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $110.48.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.