Target (NYSE:TGT) Price Target Raised to $144.00

Target (NYSE:TGT) had its target price hoisted by UBS Group from $130.00 to $144.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

TGT has been the subject of several other reports. Oppenheimer boosted their price target on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays raised their price objective on Target from $91.00 to $108.00 and gave the company an “underweight” rating in a report on Wednesday. Guggenheim upped their target price on shares of Target from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. DA Davidson set a $120.00 target price on shares of Target in a research report on Monday, January 12th. Finally, Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.76.

Target Stock Up 0.2%

NYSE:TGT opened at $120.56 on Wednesday. The firm has a market capitalization of $54.59 billion, a P/E ratio of 14.83, a PEG ratio of 5.25 and a beta of 1.12. Target has a 1-year low of $83.44 and a 1-year high of $126.00. The company’s fifty day moving average price is $110.01 and its 200-day moving average price is $98.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.27.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. 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, equities research analysts anticipate that Target will post 8.69 EPS for the current year.

Target Announces Dividend

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

Institutional Trading of Target

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares in the last quarter. Woodline Partners LP boosted its holdings in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after acquiring an additional 11,047 shares during the period. Assetmark Inc. grew its position in Target by 41.7% in the 2nd quarter. Assetmark Inc. now owns 8,312 shares of the retailer’s stock valued at $820,000 after acquiring an additional 2,448 shares in the last quarter. Sigma Planning Corp increased its stake in Target by 24.9% during the second quarter. Sigma Planning Corp now owns 7,916 shares of the retailer’s stock worth $781,000 after purchasing an additional 1,579 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in Target by 4.6% during the second quarter. Crestwood Advisors Group LLC now owns 12,478 shares of the retailer’s stock worth $1,231,000 after purchasing an additional 546 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

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.