Equities Analysts Set Expectations for Target Q3 Earnings

Key Points

• DA Davidson predicts Target Corporation will report Q3 2026 earnings per share of $1.85, maintaining a "Buy" rating with a target price of $125.00.
• Target's recent Q2 earnings of $2.05 per share slightly exceeded expectations, though the company's revenue saw a 0.9% year-over-year decline.
• The consensus rating for Target's stock is currently a "Hold," with a market cap of $44.11 billion and an average target price of $113.55.

Target Corporation (NYSE:TGT - Free Report) - DA Davidson issued their Q3 2026 earnings estimates for Target in a report released on Thursday, August 21st. DA Davidson analyst M. Baker anticipates that the retailer will post earnings per share of $1.85 for the quarter. DA Davidson currently has a "Buy" rating and a $125.00 price objective on the stock. The consensus estimate for Target's current full-year earnings is $8.69 per share.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion during the quarter, compared to analysts' expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

A number of other research firms have also weighed in on TGT. Wells Fargo & Company cut their price objective on shares of Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. UBS Group cut their price objective on shares of Target from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday. Wall Street Zen upgraded shares of Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Loop Capital set a $95.00 price objective on shares of Target in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group cut their price objective on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $113.55.

Target Trading Down 1.6%

NYSE TGT opened at $97.0770 on Friday. The company has a fifty day simple moving average of $101.99 and a two-hundred day simple moving average of $104.11. The stock has a market cap of $44.11 billion, a P/E ratio of 11.31, a P/E/G ratio of 2.84 and a beta of 1.22. Target has a 12-month low of $87.35 and a 12-month high of $161.84. The company has a current ratio of 0.99, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Institutional Trading of Target

A number of hedge funds have recently added to or reduced their stakes in TGT. DSG Capital Advisors LLC raised its position in Target by 16.1% during the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after acquiring an additional 21,726 shares during the period. Viking Fund Management LLC raised its position in Target by 20.0% during the first quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer's stock worth $6,262,000 after acquiring an additional 10,000 shares during the period. Correct Capital Wealth Management raised its position in Target by 44.7% during the first quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock worth $1,415,000 after acquiring an additional 4,189 shares during the period. Chapin Davis Inc. raised its position in Target by 64.7% during the first quarter. Chapin Davis Inc. now owns 8,507 shares of the retailer's stock worth $888,000 after acquiring an additional 3,342 shares during the period. Finally, CMH Wealth Management LLC raised its position in Target by 31.5% during the first quarter. CMH Wealth Management LLC now owns 61,420 shares of the retailer's stock worth $6,410,000 after acquiring an additional 14,719 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the sale, the insider directly owned 246,453 shares of the company's stock, 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 filing with the SEC, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a yield of 4.6%. Target's dividend payout ratio is 50.11%.

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.

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