Target (NYSE:TGT) Updates FY 2026 Earnings Guidance

Key Points

• Target updated FY 2026 guidance, projecting EPS of $7.50 to $8.50 versus the consensus estimate of $7.72. It also lifted revenue guidance to $108.5 billion-$109.5 billion, above analysts’ $106.4 billion estimate.
• The company’s latest quarterly results beat profit expectations, with EPS of $2.44 versus the $2.16 consensus, though revenue came in slightly below estimates and declined 1.5% year over year.
• Target has also been active on the strategic front, including hiring a new supply-chain and logistics chief as it works to improve execution. Analysts remain mixed overall, with the stock carrying a consensus Hold rating.

Target (NYSE:TGT - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.500-8.500 for the period, compared to the consensus estimate of 7.720. The company issued revenue guidance of $108.5 billion-$109.5 billion, compared to the consensus revenue estimate of $106.4 billion.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of Target from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, January 27th. Piper Sandler upped their price target on shares of Target from $119.00 to $121.00 and gave the stock a "neutral" rating in a research report on Friday. KeyCorp reissued a "sector weight" rating on shares of Target in a research report on Wednesday, March 4th. Royal Bank Of Canada restated an "outperform" rating and set a $132.00 price objective on shares of Target in a research note on Friday, May 8th. Finally, Guggenheim upped their target price on Target from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $119.93.

Target Stock Up 2.9%

Shares of NYSE TGT opened at $127.00 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target has a 1 year low of $83.44 and a 1 year high of $133.10. The stock's 50-day simple moving average is $122.19 and its 200-day simple moving average is $109.05. The firm has a market cap of $57.68 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 3.67 and a beta of 1.01.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the business posted $2.41 earnings per share. Target's revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts anticipate that Target will post 8.05 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, May 13th. Target's payout ratio is 56.09%.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares of the company's stock, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

Target News Summary

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target said it hired Jeff England, a 20-year supply-chain and logistics veteran and former Walmart executive, as its new chief global supply chain and logistics officer. Investors may see the move as a sign Target is prioritizing operational improvements and faster execution to support sales recovery. Target Names Jeff England EVP, Chief Global Supply Chain and Logistics Officer
• Positive Sentiment: Wall Street is watching Target’s Q1 results closely as a potential gauge of the broader retail sector and U.S. consumer health, which can increase trading interest and keep expectations elevated into the report. Target vs Walmart: Which Retail Giant is the Better Investment as Q1 Results Approach?
• Neutral Sentiment: Target also announced it will webcast its first-quarter earnings call on Wednesday morning, reinforcing that a major catalyst is imminent rather than providing new fundamental information. Target Corporation to Webcast 1st Quarter Earnings Conference Call on Wednesday, May 20, 2026
• Neutral Sentiment: Analysts are framing the quarter as a balance between improving categories like beauty and essentials and ongoing pressure from weaker discretionary spending and costs, leaving sentiment mixed heading into earnings. Target to Report Q1 Earnings: Is Another Beat in the Cards?
• Negative Sentiment: Recent coverage from the Wall Street Journal emphasized Target’s yearslong sales slump and the need for a supply-chain reset, underscoring the turnaround risk investors are still weighing. Target Plans to Name a New Supply-Chain Head as It Struggles With Weak Sales

Hedge Funds Weigh In On Target

A number of hedge funds have recently bought and sold shares of TGT. Jessup Wealth Management Inc bought a new position in Target during the 4th quarter worth approximately $25,000. WFA of San Diego LLC bought a new stake in shares of Target in the 2nd quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the 4th quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in Target during the fourth quarter worth $36,000. Finally, Darwin Wealth Management LLC bought a new position in Target during the second quarter worth $37,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.

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