Roth Capital Analysts Decrease Earnings Estimates for Target

Target Co. (NYSE:TGT - Free Report) - Stock analysts at Roth Capital reduced their Q4 2026 EPS estimates for Target in a research note issued on Thursday, May 22nd. Roth Capital analyst W. Kirk now forecasts that the retailer will earn $2.45 per share for the quarter, down from their prior forecast of $2.61. The consensus estimate for Target's current full-year earnings is $8.69 per share.

Several other equities research analysts have also recently issued reports on TGT. Baird R W cut shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. DA Davidson decreased their price objective on shares of Target from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. The Goldman Sachs Group lowered their price target on Target from $101.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Robert W. Baird set a $100.00 price target on shares of Target in a research note on Thursday, May 22nd. Finally, Oppenheimer dropped their price target on shares of Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Two investment 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.68.

Target Stock Down 1.1%

Shares of Target stock traded down $1.05 during trading on Monday, hitting $95.94. 4,375,476 shares of the stock were exchanged, compared to its average volume of 6,002,489. The stock has a market cap of $43.59 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The firm's 50-day moving average price is $96.92 and its 200 day moving average price is $119.21. Target has a 12-month low of $87.35 and a 12-month high of $167.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 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 firm had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same quarter last year, the firm earned $2.03 EPS. The company's revenue was down 2.8% on a year-over-year basis.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is currently 49.23%.

Institutional Investors Weigh In On Target

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hopwood Financial Services Inc. acquired a new stake in Target in the fourth quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new stake in Target in the fourth quarter valued at $29,000. WPG Advisers LLC acquired a new stake in Target in the first quarter valued at $32,000. Legacy Investment Solutions LLC lifted its holdings in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Target in the fourth quarter valued at $36,000. Institutional investors and hedge funds 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.