Research Analysts Offer Predictions for Target Q3 Earnings

Key Points

• Zacks Research has raised Target's Q3 2026 earnings estimate to $1.78 EPS, up from the previous estimate of $1.75, while maintaining a "Hold" rating.
• Target's latest earnings report showed a net margin of 3.72% with a revenue of $24.99 billion, marking a 0.9% decline year-over-year.
• The company recently declared a quarterly dividend of $1.12, resulting in a yield of 4.8% and a dividend payout ratio of 53.15%.

Target Corporation (NYSE:TGT - Free Report) - Equities researchers at Zacks Research raised their Q3 2026 EPS estimates for shares of Target in a research note issued to investors on Wednesday, September 3rd. Zacks Research analyst Team now forecasts that the retailer will earn $1.78 per share for the quarter, up from their prior forecast of $1.75. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Target's current full-year earnings is $8.69 per share. Zacks Research also issued estimates for Target's Q4 2026 earnings at $2.28 EPS, FY2026 earnings at $7.41 EPS, Q1 2027 earnings at $1.55 EPS, Q2 2027 earnings at $2.32 EPS, Q3 2027 earnings at $1.87 EPS, Q4 2027 earnings at $2.39 EPS, FY2027 earnings at $8.13 EPS, Q1 2028 earnings at $1.66 EPS, Q2 2028 earnings at $2.47 EPS and FY2028 earnings at $8.67 EPS.

Several other analysts have also commented on TGT. Wall Street Zen raised shares of Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. JPMorgan Chase & Co. upped their price target on shares of Target from $105.00 to $109.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Jefferies Financial Group reduced their price target on shares of Target from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Citigroup upped their price target on shares of Target from $94.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Finally, Evercore ISI reduced their price target on shares of Target from $108.00 to $106.00 and set an "in-line" rating for the company in a research report on Thursday, August 21st. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued 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 $113.74.

Target Price Performance

Shares of NYSE:TGT traded down $1.62 during trading on Thursday, reaching $91.55. The company had a trading volume of 9,221,030 shares, compared to its average volume of 7,155,784. The firm's fifty day moving average is $101.75 and its 200 day moving average is $101.00. The firm has a market capitalization of $41.60 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.69 and a beta of 1.16. Target has a twelve month low of $87.35 and a twelve month high of $161.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.9%. The ex-dividend date was Wednesday, August 13th. Target's dividend payout ratio is currently 53.15%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TGT. JNBA Financial Advisors lifted its position in shares of Target by 3.0% in the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer's stock worth $330,000 after purchasing an additional 96 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its position in shares of Target by 32.3% in the second quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer's stock worth $41,000 after purchasing an additional 98 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of Target by 2.7% in the fourth quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer's stock worth $514,000 after purchasing an additional 99 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer's stock worth $1,738,000 after purchasing an additional 100 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer's stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

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.