Target (NYSE:TGT) Releases FY 2026 Earnings Guidance

Target (NYSE:TGT) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 7.500-8.500 for the period, compared to the consensus EPS estimate of 7.330. The company issued revenue guidance of $106.9 billion-$106.9 billion, compared to the consensus revenue estimate of $104.8 billion. Target also updated its Q1 2026 guidance to 1.300- EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TGT shares. Bank of America began coverage on shares of Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 price target on the stock. DA Davidson set a $120.00 price objective on Target in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on Target in a research report on Thursday, January 8th. Argus dropped their price target on Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. Finally, Royal Bank Of Canada reduced their price objective on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Eleven analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Target has a consensus rating of “Hold” and an average target price of $110.79.

Target Trading Up 6.8%

Shares of NYSE TGT opened at $120.84 on Wednesday. Target has a 12-month low of $83.44 and a 12-month high of $122.43. The company has a market cap of $54.72 billion, a price-to-earnings ratio of 14.67 and a beta of 1.12. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $108.64 and its 200 day simple moving average is $97.91.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.28. The firm had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts expect that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Wednesday, February 11th were given a $1.14 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s dividend payout ratio (DPR) is currently 55.34%.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Q4 adjusted EPS beat estimates ($2.44 vs. ~$2.16 consensus) and margins improved, giving investors confidence in profitability despite softer sales. Target climbs after earnings beating forecasts despite softer sales
• Positive Sentiment: Management issued FY2026 EPS guidance that exceeded consensus (7.50–8.50 vs. ~7.33), signaling confidence in the year ahead and supporting upside expectations. Target Beats Q4 Earnings Estimates, Eyes Sales Growth in FY2026
• Positive Sentiment: Company unveiled a multi-year strategic plan and will invest an incremental $2B in 2026 (capex + operating investments) to refresh stores, upgrade payroll/training and accelerate tech — including AI — to drive personalization and sales. Target Outlines Strategic Plan for a New Chapter of Growth in 2026 and Beyond
• Positive Sentiment: Market reaction was amplified by investor coverage of Target’s push into AI-driven personalization and same-day fulfillment as a near-term sales catalyst. Target Corp. (TGT) Jumps 6.7% as Firm Turns to AI For Growth
• Neutral Sentiment: Net sales were essentially flat to slightly down (Q4 net sales ~$30.5B), with strength in Food & Beverage, Beauty and Toys offset by weaker comps overall — mixed operational readthrough. Target Corporation Reports Fourth Quarter and Full-Year 2025 Earnings
• Negative Sentiment: Q1 FY2026 EPS guide was well below the street (around $1.30 vs. ~$1.89 consensus), highlighting near-term sales pressure and tempering the earnings beat. Target Corporation (TGT) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Some analysts remain cautious: a recent Mizuho note raised its price target but kept a neutral rating, underscoring that upside depends on execution of the turnaround plan. Analyst note (Mizuho) / coverage

Institutional Trading of Target

Several hedge funds have recently added to or reduced their stakes in the business. Crawford Investment Counsel Inc. raised its stake in shares of Target by 0.4% during the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of Target by 1.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 9,209 shares of the retailer’s stock worth $900,000 after acquiring an additional 102 shares during the last quarter. Binnacle Investments Inc increased its position in shares of Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after acquiring an additional 104 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of Target by 5.3% during the second quarter. HUB Investment Partners LLC now owns 2,467 shares of the retailer’s stock valued at $243,000 after acquiring an additional 124 shares during the period. Finally, Tocqueville Asset Management L.P. lifted its position in shares of Target by 2.5% in the 4th quarter. Tocqueville Asset Management L.P. now owns 5,257 shares of the retailer’s stock valued at $514,000 after acquiring an additional 130 shares in the last quarter. Institutional investors 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.