Target Co. (NYSE:TGT - Free Report) - Stock analysts at DA Davidson decreased their FY2026 earnings estimates for shares of Target in a research report issued to clients and investors on Thursday, May 22nd. DA Davidson analyst M. Baker now anticipates that the retailer will earn $7.96 per share for the year, down from their previous estimate of $9.31. DA Davidson currently has a "Buy" rating and a $125.00 price target on the stock. The consensus estimate for Target's current full-year earnings is $8.69 per share. DA Davidson also issued estimates for Target's FY2027 earnings at $8.26 EPS.
Several other equities analysts have also recently commented on the stock. Roth Mkm reiterated a "neutral" rating and set a $122.00 target price (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of Target from $130.00 to $120.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Morgan Stanley cut their target price on shares of Target from $160.00 to $112.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. Finally, Cfra Research cut shares of Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $116.68.
View Our Latest Stock Analysis on TGT
Target Stock Performance
NYSE:TGT traded down $1.05 during trading hours on Monday, hitting $95.94. 4,375,476 shares of the company traded hands, compared to its average volume of 6,002,489. The stock has a market capitalization of $43.59 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.94 and a beta of 1.27. Target has a twelve month low of $87.35 and a twelve month high of $167.40. The firm has a 50-day moving average of $96.92 and a 200 day moving average of $119.21. 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 Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). The company had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.03 earnings per share.
Institutional Investors Weigh In On Target
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. acquired a new stake in Target in the 4th quarter valued at about $30,000. Hopwood Financial Services Inc. acquired a new stake in Target in the 4th quarter valued at about $29,000. Legacy Investment Solutions LLC increased its position in Target by 47.5% in the 4th 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. OFI Invest Asset Management acquired a new stake in Target in the 4th quarter valued at about $36,000. Finally, Hager Investment Management Services LLC acquired a new stake in Target in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Dividend Announcement
The business also recently disclosed 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 4.67%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio is currently 49.23%.
Target Company Profile
(
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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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