Target (NYSE:TGT) Upgraded at Telsey Advisory Group

Telsey Advisory Group upgraded shares of Target (NYSE:TGT) from a market perform rating to an outperform rating in a research note released on Wednesday morning, Marketbeat reports. They currently have $145.00 price target on the retailer’s stock, up from their previous price target of $110.00.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. DA Davidson set a $120.00 target price on Target in a research report on Monday, January 12th. Citigroup lifted their target price on Target from $89.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Roth Mkm set a $88.00 price target on Target in a research report on Thursday, November 20th. Finally, Piper Sandler increased their price target on Target from $85.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Eleven research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $115.76.

Target Stock Up 0.2%

TGT stock opened at $120.56 on Wednesday. The stock has a market cap of $54.59 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 5.25 and a beta of 1.12. The firm’s 50-day simple moving average is $110.01 and its 200 day simple moving average is $98.32. Target has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same period in the previous year, the business posted $2.41 EPS. Target’s revenue 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, sell-side analysts predict that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th were given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, February 11th. Target’s dividend payout ratio is 56.09%.

Hedge Funds Weigh In On Target

Several hedge funds have recently modified their holdings of the company. Union Savings Bank bought a new stake in shares of Target in the 4th quarter worth $134,000. Hsbc Holdings PLC boosted its stake in Target by 5.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,735,323 shares of the retailer’s stock valued at $169,654,000 after buying an additional 85,585 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Target during the fourth quarter valued at about $51,000. Bayban acquired a new position in Target during the fourth quarter worth about $1,038,000. Finally, SHP Wealth Management acquired a new position in Target during the fourth quarter worth about $75,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

About Target

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.