Analysts Issue Forecasts for Target's Q2 Earnings (NYSE:TGT)

Target Co. (NYSE:TGT - Free Report) - Equities research analysts at Zacks Research lowered their Q2 2026 earnings per share estimates for Target in a research note issued to investors on Wednesday, June 4th. Zacks Research analyst S. Singh now forecasts that the retailer will earn $2.05 per share for the quarter, down from their prior estimate of $2.54. The consensus estimate for Target's current full-year earnings is $8.69 per share. Zacks Research also issued estimates for Target's Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $2.32 EPS, FY2026 earnings at $7.42 EPS, Q1 2027 earnings at $1.54 EPS, Q2 2027 earnings at $2.23 EPS, Q3 2027 earnings at $1.84 EPS, Q4 2027 earnings at $2.42 EPS, FY2027 earnings at $8.03 EPS, Q1 2028 earnings at $1.63 EPS and FY2028 earnings at $8.54 EPS.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus lowered their target price on shares of Target from $130.00 to $120.00 and set a "hold" rating on the stock in a research report on Thursday, March 20th. Guggenheim decreased their price objective on Target from $155.00 to $115.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Robert W. Baird set a $100.00 price objective on shares of Target in a research report on Thursday, May 22nd. Barclays initiated coverage on shares of Target in a research report on Thursday, May 22nd. They set an "equal weight" rating for the company. Finally, Jefferies Financial Group lowered their target price on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Target has an average rating of "Hold" and an average target price of $116.70.

Target Price Performance

Shares of TGT opened at $97.33 on Monday. Target has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The company has a market cap of $44.22 billion, a P/E ratio of 10.32, a PEG ratio of 1.94 and a beta of 1.22. 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 firm's 50 day moving average price is $95.24 and its 200 day moving average price is $116.08.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. The business's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 earnings per share.

Hedge Funds Weigh In On Target

Hedge funds and other institutional investors have recently made changes to their positions in the business. Horrell Capital Management Inc. grew its stake in shares of Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after purchasing an additional 76 shares during the period. Fiducient Advisors LLC grew its position in Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after acquiring an additional 78 shares during the last quarter. Napatree Capital LLC increased its holdings in Target by 2.4% during the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock valued at $488,000 after purchasing an additional 85 shares in the last quarter. Legacy Investment Solutions LLC raised its holdings in shares of Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares during the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC lifted its position in shares of Target by 0.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock worth $3,875,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the transaction, the insider now directly owns 246,453 shares in the company, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Target Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Wednesday, May 14th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Wednesday, May 14th. Target's payout ratio is currently 49.23%.

About Target

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.

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