Telsey Advisory Group Predicts Reduced Earnings for Target

Target Co. (NYSE:TGT - Free Report) - Equities researchers at Telsey Advisory Group cut their Q1 2026 earnings estimates for Target in a report released on Friday, May 16th. Telsey Advisory Group analyst J. Feldman now expects that the retailer will earn $1.72 per share for the quarter, down from their previous forecast of $1.79. Telsey Advisory Group has a "Market Perform" rating and a $110.00 price objective on the stock. The consensus estimate for Target's current full-year earnings is $8.69 per share. Telsey Advisory Group also issued estimates for Target's Q2 2026 earnings at $2.49 EPS, FY2026 earnings at $8.80 EPS, Q1 2027 earnings at $1.94 EPS, Q2 2027 earnings at $2.58 EPS, Q3 2027 earnings at $2.24 EPS, Q4 2027 earnings at $2.79 EPS and FY2027 earnings at $9.55 EPS.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Target from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Evercore ISI reduced their price target on Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Bank of America lowered Target from a "buy" rating to a "neutral" rating and lowered their price target for the company from $145.00 to $105.00 in a research report on Thursday. Wells Fargo & Company cut their price objective on Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, KGI Securities set a $132.00 target price on Target in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $118.65.

Target Trading Up 2.2%

Shares of NYSE TGT traded up $2.04 during mid-day trading on Monday, hitting $95.05. The stock had a trading volume of 11,414,330 shares, compared to its average volume of 6,044,789. The business has a 50 day moving average price of $97.70 and a two-hundred day moving average price of $120.93. Target has a 1 year low of $87.35 and a 1 year high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $43.19 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

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

Institutional Investors Weigh In On Target

Several institutional investors and hedge funds have recently made changes to their positions in TGT. Horrell Capital Management Inc. increased its holdings 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 worth $3,603,000 after purchasing an additional 76 shares in the last quarter. Fiducient Advisors LLC boosted its position in shares of Target by 4.6% during the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock valued at $240,000 after buying an additional 78 shares during the last quarter. First PREMIER Bank increased its holdings in Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer's stock worth $61,000 after buying an additional 80 shares in the last quarter. CENTRAL TRUST Co raised its position in Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer's stock worth $2,513,000 after buying an additional 82 shares during the last quarter. Finally, Napatree Capital LLC raised its position in Target by 2.4% in the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock worth $488,000 after buying an additional 85 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.71%. Target's dividend payout ratio is presently 50.56%.

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.