Brokerages Set Target Corporation (NYSE:TGT) PT at $126.11

Shares of Target Corporation (NYSE:TGT) have been given an average recommendation of “Hold” by the thirty-three brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $130.6429.

A number of research analysts recently weighed in on TGT shares. Piper Sandler reissued a “neutral” rating on shares of Target in a research report on Friday, June 12th. Freedom Capital downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Robert W. Baird raised their price objective on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Truist Financial increased their target price on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 15th.

Target Stock Up 0.5%

Shares of Target stock opened at $140.23 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The firm has a fifty day moving average of $128.00 and a two-hundred day moving average of $116.59. The company has a market cap of $63.69 billion, a P/E ratio of 18.52, a PEG ratio of 2.73 and a beta of 1.00. Target has a one year low of $83.44 and a one year high of $142.82.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.During the same quarter in the prior year, the company earned $1.30 earnings per share. Target’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts forecast that Target will post 8.35 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.3%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is 61.29%.

Insider Buying and Selling

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. WFA of San Diego LLC bought a new position in shares of Target during the 2nd quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in shares of Target during the fourth quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Target during the 4th quarter worth $26,000. Global Wealth Strategies & Associates raised its holdings in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Target during the 4th quarter valued at $30,000. 79.73% of the stock is owned by institutional investors.

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.