What is Roth Capital's Forecast for Target Q3 Earnings?

Key Points

• Roth Capital has increased its Q3 2026 earnings per share estimate for Target to $1.94, up from a previous estimate of $1.90, with a full-year consensus estimate of $8.69 per share.
• Target's recent quarterly earnings report showed an EPS of $2.05, surpassing the consensus estimate of $2.04, although revenue declined by 0.9% year-over-year.
• The stock currently holds a consensus rating of "Hold" and has a market cap of $44.98 billion, with an average price target of $113.74.

Target Corporation (NYSE:TGT - Free Report) - Investment analysts at Roth Capital upped their Q3 2026 earnings per share estimates for shares of Target in a research note issued on Thursday, August 21st. Roth Capital analyst W. Kirk now anticipates that the retailer will post earnings per share of $1.94 for the quarter, up from their previous estimate of $1.90. The consensus estimate for Target's current full-year earnings is $8.69 per share. Roth Capital also issued estimates for Target's Q4 2026 earnings at $2.48 EPS, Q1 2027 earnings at $2.32 EPS and FY2027 earnings at $9.01 EPS.

A number of other research analysts have also recently commented on the company. Wedbush restated an "outperform" rating on shares of Target in a research note on Thursday, July 17th. Wall Street Zen upgraded Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Royal Bank Of Canada raised their target price on Target from $104.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday. BMO Capital Markets lowered their target price on Target from $100.00 to $95.00 and set a "market perform" rating for the company in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company lowered their target price on Target from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $113.74.

Target Trading Up 2.0%

NYSE TGT opened at $98.9880 on Monday. The stock has a market cap of $44.98 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The stock has a 50 day simple moving average of $102.06 and a two-hundred day simple moving average of $103.42. Target has a fifty-two week low of $87.35 and a fifty-two week high of $161.84.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion during the quarter, compared to analysts' expectations of $24.84 billion. During the same quarter last year, the business posted $2.57 EPS. The business's revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

Institutional Trading of Target

A number of institutional investors and hedge funds have recently modified their holdings of the business. Monarch Capital Management Inc. increased its holdings in shares of Target by 2.6% in the 2nd quarter. Monarch Capital Management Inc. now owns 14,610 shares of the retailer's stock worth $1,441,000 after purchasing an additional 375 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Target in the 2nd quarter worth $682,000. Marex Group plc bought a new stake in shares of Target in the 2nd quarter worth $1,598,000. Advisory Services Network LLC increased its holdings in shares of Target by 17.1% in the 2nd quarter. Advisory Services Network LLC now owns 21,771 shares of the retailer's stock worth $2,188,000 after purchasing an additional 3,179 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of Target by 16,257.1% in the 2nd quarter. State of Wyoming now owns 1,145 shares of the retailer's stock worth $113,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors own 79.73% of the company's stock.

Insider Activity at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company's stock.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a yield of 4.5%. Target's payout ratio is presently 53.15%.

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.

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