Target (NYSE:TGT) Issues FY 2026 Earnings Guidance

Target (NYSE:TGT) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 7.500-8.500 for the period, compared to the consensus EPS estimate of 7.720. The company issued revenue guidance of $108.5 billion-$109.5 billion, compared to the consensus revenue estimate of $106.4 billion.

Analyst Ratings Changes

Several research firms have recently issued reports on TGT. BMO Capital Markets raised their price objective on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Mizuho set a $120.00 price objective on Target in a research note on Thursday, March 5th. DA Davidson raised their price objective on Target from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Guggenheim raised their price objective on Target from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Morgan Stanley raised their price objective on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $119.93.

Target Price Performance

Shares of TGT stock opened at $127.00 on Wednesday. Target has a 52-week low of $83.44 and a 52-week high of $133.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The firm has a market capitalization of $57.68 billion, a P/E ratio of 15.62, a P/E/G ratio of 3.67 and a beta of 1.01. The stock has a 50 day moving average price of $122.19 and a 200 day moving average price of $109.05.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (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 during the quarter, compared to analyst estimates of $30.52 billion. During the same period last year, the company earned $2.41 EPS. Target’s quarterly 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, sell-side analysts predict that Target will post 8.05 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is currently 56.09%.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target 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 directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target reported first-quarter net sales growth of 6.7%, well above expectations, with management saying growth was broad-based across merchandise categories, sales channels, and throughout the quarter.
• Positive Sentiment: The company’s first-quarter results reportedly beat analyst expectations across several key metrics, reinforcing optimism that its refreshed products and stores are resonating with shoppers. Article Title
• Positive Sentiment: Target said it saw its strongest sales gain in years, suggesting more consumers are returning to the brand as the retailer leans into style and value. Article Title
• Positive Sentiment: Target raised or reiterated full-year guidance with FY 2026 EPS of $7.50 to $8.50 versus the Street at $7.72, while revenue guidance of $108.5 billion to $109.5 billion topped consensus, signaling confidence in continued recovery.
• Positive Sentiment: Management’s supply-chain leadership change, including the hiring of former Walmart executive Jeff England, may support longer-term improvement in execution and shopping experience. Article Title
• Neutral Sentiment: Target’s earnings release and conference call are drawing attention because the company is still in a turnaround phase, so investors are watching for evidence that recent momentum can be sustained.
• Negative Sentiment: Some commentary still notes that Target has been working to recover from a yearslong sales slump, so the stock may remain sensitive to any signs that margins or consumer demand weaken again.

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently bought and sold shares of TGT. Jessup Wealth Management Inc bought a new position in shares of Target in the 4th quarter worth $25,000. WFA of San Diego LLC bought a new position in shares of Target in the 2nd quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Target in the fourth quarter worth $26,000. Garton & Associates Financial Advisors LLC purchased a new position in Target in the fourth quarter worth $36,000. Finally, Darwin Wealth Management LLC purchased a new position in Target in the second quarter worth $37,000. 79.73% of the stock is owned by 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.