DA Davidson Comments on Target's Q2 Earnings (NYSE:TGT)

Target Co. (NYSE:TGT - Free Report) - DA Davidson issued their Q2 2026 earnings per share (EPS) estimates for shares of Target in a research note issued to investors on Thursday, May 22nd. DA Davidson analyst M. Baker forecasts that the retailer will post earnings per share of $2.53 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.

TGT has been the topic of several other research reports. Truist Financial raised their price target on Target from $82.00 to $90.00 and gave the company a "hold" rating in a report on Thursday, May 22nd. Cfra Research downgraded Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. Wells Fargo & Company cut their price target 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. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Bank of America lowered shares of 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 note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $116.68.

Target Trading Up 2.7%

TGT stock traded up $2.58 during trading on Friday, hitting $96.87. The company had a trading volume of 6,494,687 shares, compared to its average volume of 6,008,957. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.94 and a beta of 1.27. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $97.07 and a 200-day moving average price of $119.37. Target has a 12 month low of $87.35 and a 12 month high of $167.40.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share 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 firm had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. During the same period in the prior year, the company posted $2.03 earnings per share. Target's quarterly revenue was down 2.8% compared to the same quarter last year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is currently 49.23%.

Institutional Trading of Target

Several hedge funds have recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. bought a new stake in Target during the 4th quarter worth about $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the fourth quarter valued at approximately $29,000. WPG Advisers LLC acquired a new position in Target during the first quarter valued at approximately $32,000. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Finally, MCF Advisors LLC raised its position 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 purchasing an additional 163 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

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.