Target Corporation (NYSE:TGT) Receives Consensus Rating of “Hold” from Analysts

Shares of Target Corporation (NYSE:TGT) have earned a consensus rating of “Hold” from the thirty-three ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $125.9286.

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 target price on shares of Target in a research note on Friday, May 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $124.00 price target on shares of Target in a research note on Thursday, May 21st. Oppenheimer boosted their price target on shares of Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Morgan Stanley boosted their price target on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Telsey Advisory Group boosted their price target on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st.

Target Stock Down 2.6%

NYSE:TGT opened at $123.83 on Thursday. The firm has a market capitalization of $56.24 billion, a P/E ratio of 16.36, a PEG ratio of 2.48 and a beta of 1.00. Target has a 1-year low of $83.44 and a 1-year high of $133.10. The company’s fifty day moving average price is $123.74 and its 200-day moving average price is $111.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts anticipate that Target will post 8.35 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, May 13th. Target’s payout ratio is currently 60.24%.

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 2,053 shares of the company’s 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 transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Target

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Nebraska Trust Co acquired a new stake in Target in the 1st quarter valued at about $435,000. Flagship Wealth Advisors LLC grew its stake in Target by 527.5% in the 1st quarter. Flagship Wealth Advisors LLC now owns 753 shares of the retailer’s stock valued at $91,000 after acquiring an additional 633 shares during the last quarter. Financial Solutions Advisory Group Inc. acquired a new stake in Target in the 1st quarter valued at about $202,000. Asset Dedication LLC grew its stake in Target by 248.5% in the 1st quarter. Asset Dedication LLC now owns 5,206 shares of the retailer’s stock valued at $631,000 after acquiring an additional 3,712 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in Target by 10.1% in the 1st quarter. Glenmede Trust Co. NA now owns 86,124 shares of the retailer’s stock valued at $10,438,000 after acquiring an additional 7,899 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

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.