Brokerages Set Target Corporation (NYSE:TGT) Target Price at $117.39

Target Corporation (NYSE:TGT) has been assigned an average recommendation of “Hold” from the thirty-two analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $117.3929.

TGT has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Target from $102.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. BNP Paribas Exane raised their price target on shares of Target from $63.00 to $88.00 and gave the company an “underperform” rating in a report on Wednesday, March 4th. Bank of America initiated coverage on shares of Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 price target on the stock. Telsey Advisory Group raised shares of Target from a “market perform” rating to an “outperform” rating and raised their price target for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Finally, Truist Financial raised their price target on shares of Target from $90.00 to $121.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Target

Several institutional investors have recently made changes to their positions in the business. Wealthfront Advisers LLC lifted its stake in shares of Target by 52.0% in the 1st quarter. Wealthfront Advisers LLC now owns 106,893 shares of the retailer’s stock worth $12,955,000 after purchasing an additional 36,578 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Target by 12.8% in the 1st quarter. D.A. Davidson & CO. now owns 126,544 shares of the retailer’s stock worth $15,337,000 after purchasing an additional 14,323 shares during the period. Marks Group Wealth Management Inc lifted its stake in shares of Target by 25.2% in the 1st quarter. Marks Group Wealth Management Inc now owns 7,707 shares of the retailer’s stock worth $934,000 after purchasing an additional 1,552 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Target by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 3,000,198 shares of the retailer’s stock worth $363,624,000 after purchasing an additional 126,362 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Target in the 1st quarter worth approximately $177,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Target stock opened at $128.81 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $58.50 billion, a P/E ratio of 15.84, a PEG ratio of 5.33 and a beta of 1.01. The stock’s 50 day moving average is $120.80 and its 200 day moving average is $106.94. Target has a twelve month low of $83.44 and a twelve month high of $133.10.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The company had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the prior year, the firm posted $2.41 EPS. 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. On average, equities research analysts predict that Target will post 8.02 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is 56.09%.

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.