FY2027 Earnings Forecast for Target Issued By Zacks Research

Key Points

• Zacks Research raised Target’s FY2027 EPS forecast to $8.92 from $8.38, above the current consensus estimate of $8.84, while maintaining a “Hold” rating.
• Target’s latest quarterly results exceeded expectations, with EPS of $4.11 versus the $2.35 consensus and revenue of $26.54 billion, up 5.3% year over year. The company also issued FY2026 EPS guidance of $9.90–$10.90.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $159.52; Target shares were trading at $163.43, near their 52-week high, after a strong rally.

Target Corporation (NYSE:TGT - Free Report) - Stock analysts at Zacks Research boosted their FY2027 EPS estimates for shares of Target in a note issued to investors on Tuesday, September 1st. Zacks Research analyst Team now anticipates that the retailer will post earnings per share of $8.92 for the year, up from their prior estimate of $8.38. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Target's current full-year earnings is $8.84 per share.

Other equities research analysts have also recently issued reports about the stock. Argus set a $150.00 price target on shares of Target in a report on Friday, May 22nd. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $154.00 target price on shares of Target in a report on Thursday, August 20th. JPMorgan Chase & Co. upped their price target on Target from $129.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Bank of America reiterated an "underperform" rating and set a $124.00 target price (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company increased their target price on shares of Target from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Target presently has an average rating of "Hold" and a consensus price target of $159.52.

Target Stock Performance

Shares of NYSE TGT opened at $163.43 on Thursday. The business's 50-day simple moving average is $145.87 and its 200-day simple moving average is $131.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. Target has a 52 week low of $83.44 and a 52 week high of $170.75. The firm has a market cap of $74.25 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 3.05 and a beta of 0.99.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The business's quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS.

Institutional Trading of Target

Several hedge funds have recently modified their holdings of TGT. Kimelman & Baird LLC bought a new stake in Target during the 2nd quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new position in Target in the 2nd quarter valued at $26,000. Archer Investment Corp bought a new position in Target in the 2nd quarter valued at $30,000. WFA of San Diego LLC acquired a new position in Target in the second quarter worth $25,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Target during the fourth quarter worth $25,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Buying and Selling at Target

In related news, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the transaction, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company's stock.

Target Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were paid a $1.16 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 2.8%. This is a positive change from Target's previous quarterly dividend of $1.14. Target's payout ratio is presently 48.18%.

Trending Headlines about Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research raised its earnings forecasts across several future periods, including FY2028 EPS to $9.53 from $8.90 and FY2029 EPS to $10.18 from $9.52. The revisions suggest analysts see improving profitability and provide a favorable fundamental backdrop for Target (TGT), although Zacks maintained a “Hold” rating. Target earnings estimate revisions
• Positive Sentiment: A separate analysis compares Target with Costco and examines which discount retailer offers better value. Target’s lower valuation relative to Costco may attract investors seeking a more inexpensive retail recovery and could support the stock if earnings continue to improve. TGT or COST value comparison
• Neutral Sentiment: A comparison of Target and Maison Solutions evaluates the companies’ valuation, profitability, growth and analyst outlook. The article provides relative-investment context rather than a new company-specific catalyst for TGT. Contrasting Target and Maison Solutions
• Negative Sentiment: Target’s stock has gained about 66% in 2026, substantially outperforming the retail sector and the S&P 500. The rally and proximity to the $200 threshold raise the bar for continued upside; investors may now require stronger sales, margins and guidance to justify additional re-rating. Target stock outlook toward $200

Target Company Profile

Target Corporation NYSE: TGT is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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