Rep. Robert Bresnahan, Jr. Sells Off Shares of Target Co. (NYSE:TGT)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Target Co. NYSE: TGT. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Target stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.

Target Stock Performance

TGT traded up $1.32 during midday trading on Friday, reaching $97.29. The company's stock had a trading volume of 5,291,595 shares, compared to its average volume of 5,743,214. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The stock has a market cap of $44.32 billion, a P/E ratio of 10.32, a PEG ratio of 1.94 and a beta of 1.28. The company has a fifty day simple moving average of $103.11 and a 200 day simple moving average of $126.27. 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 - Get Free Report) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating 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. Research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is 50.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TGT shares. Piper Sandler dropped their target price on shares of Target from $132.00 to $124.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Mizuho started coverage on shares of Target in a research note on Friday, April 11th. They issued a "neutral" rating and a $92.00 target price for the company. Truist Financial decreased their price target on Target from $124.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Roth Mkm reaffirmed a "neutral" rating and set a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, Telsey Advisory Group reduced their price objective on Target from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Target has a consensus rating of "Hold" and an average target price of $132.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in Target during the 4th quarter valued at $30,000. Hopwood Financial Services Inc. bought a new position in shares of Target during the 4th quarter valued at approximately $29,000. MCF Advisors LLC raised its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% during 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 period. Finally, Legacy Investment Solutions LLC raised its stake in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.