Target (NYSE:TGT) Price Target Raised to $123.00

Target (NYSE:TGT) had its price target increased by Truist Financial from $121.00 to $123.00 in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the retailer’s stock.

Several other brokerages have also recently issued reports on TGT. Oppenheimer increased their price objective on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Mizuho set a $120.00 target price on Target in a report on Thursday, March 5th. Telsey Advisory Group upgraded Target from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $145.00 in a report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Finally, Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $119.75.

Target Stock Down 1.4%

Shares of NYSE:TGT opened at $121.40 on Wednesday. Target has a 52-week low of $83.44 and a 52-week high of $133.10. The stock has a market cap of $55.14 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 3.66 and a beta of 1.01. The business’s 50 day moving average is $122.00 and its 200 day moving average is $108.56. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. Target’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. Sell-side analysts predict that Target will post 8.04 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. Target’s dividend payout ratio is currently 56.09%.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of Target

Hedge funds and other institutional investors have recently made changes to their positions in the business. WFA of San Diego LLC purchased a new stake in shares of Target during the 2nd quarter valued at $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target during the 4th quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Target during the 4th quarter valued at $26,000. Global Wealth Strategies & Associates lifted its holdings in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Target during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.