Q2 Earnings Estimate for Target Issued By DA Davidson

Target Co. (NYSE:TGT - Free Report) - DA Davidson issued their Q2 2026 EPS estimates for Target in a research report issued on Thursday, May 22nd. DA Davidson analyst M. Baker anticipates that the retailer will earn $2.53 per share for the quarter. DA Davidson currently has a "Buy" rating and a $125.00 target price on the stock. The consensus estimate for Target's current full-year earnings is $8.69 per share.

Several other analysts also recently commented on the stock. Royal Bank of Canada dropped their price objective on shares of Target from $112.00 to $103.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Jefferies Financial Group reduced their price objective on Target from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Evercore ISI reduced their price target on Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Mizuho lowered their price target on Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. Finally, Barclays began coverage on Target in a research report on Thursday, May 22nd. They set an "equal weight" rating on the stock. Two research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $116.68.

Target Stock Performance

NYSE TGT traded down $0.74 during trading hours on Friday, reaching $96.25. The stock had a trading volume of 1,813,363 shares, compared to its average volume of 5,992,598. Target has a 52-week low of $87.35 and a 52-week 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 stock has a market cap of $43.73 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The stock has a fifty day moving average of $96.92 and a 200 day moving average of $119.21.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 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 for the quarter, compared to analyst estimates of $24.54 billion. During the same period in the prior year, the firm posted $2.03 EPS. The business's revenue was down 2.8% compared to the same quarter last year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Wednesday, May 14th. Target's payout ratio is 49.23%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TGT. Hopwood Financial Services Inc. purchased a new position in Target during the 4th quarter valued at about $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Target in the fourth quarter valued at approximately $29,000. WPG Advisers LLC acquired a new position in shares of Target in the first quarter valued at approximately $32,000. Raleigh Capital Management Inc. increased its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares during the period. Finally, MCF Advisors LLC increased its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after buying an additional 163 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

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.