Target (NYSE:TGT) Price Target Raised to $166.00

Target (NYSE:TGT) had its price target boosted by UBS Group from $144.00 to $166.00 in a research report released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the retailer’s stock.

A number of other research analysts have also commented on TGT. Piper Sandler reiterated a “neutral” rating on shares of Target in a research note on Friday, June 12th. Barclays reaffirmed an “underweight” rating on shares of Target in a research report on Monday, June 1st. Royal Bank Of Canada lifted their price target on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Sanford C. Bernstein boosted their price target on Target from $124.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Truist Financial increased their price objective on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $136.89.

Target Stock Up 1.6%

TGT opened at $149.50 on Thursday. The stock’s fifty day simple moving average is $135.01 and its 200 day simple moving average is $124.54. Target has a 1-year low of $83.44 and a 1-year high of $150.07. The stock has a market cap of $67.90 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts expect that Target will post 8.32 earnings per share for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.1%. Target’s dividend payout ratio is currently 60.24%.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On Target

A number of institutional investors have recently modified their holdings of the business. Winning Points Advisors LLC acquired a new position in shares of Target during the fourth quarter worth $611,000. Franklin Resources Inc. boosted its holdings in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after acquiring an additional 142,937 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after acquiring an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Target during the 1st quarter worth $6,686,000. Finally, Oak Thistle LLC bought a new stake in Target during the 4th quarter worth $1,149,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.