Target’s (TGT) “Sector Weight” Rating Reiterated at KeyCorp

KeyCorp reiterated their sector weight rating on shares of Target (NYSE:TGT) in a research report sent to investors on Thursday morning,Benzinga reports.

TGT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $140.00 price objective on shares of Target in a research report on Friday, August 14th. Oppenheimer boosted their target price on shares of Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Guggenheim increased their price target on shares of Target from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird increased their price target on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Target in a report on Friday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.52.

Target Stock Performance

Shares of TGT stock opened at $165.35 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.30. Target has a fifty-two week low of $83.44 and a fifty-two week high of $165.48. The stock’s 50-day moving average is $140.82 and its two-hundred day moving average is $128.01. The firm has a market cap of $75.10 billion, a P/E ratio of 17.17, a PEG ratio of 2.43 and a beta of 0.97.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts predict that Target will post 8.84 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 2.8%. Target’s dividend payout ratio is presently 48.18%.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On Target

A number of institutional investors have recently modified their holdings of TGT. Saudi Central Bank grew its stake in Target by 89.7% in the 2nd quarter. Saudi Central Bank now owns 31,700 shares of the retailer’s stock valued at $4,140,000 after buying an additional 14,986 shares during the last quarter. NBH Bank acquired a new position in Target during the 2nd quarter worth $40,000. MOR Wealth Management LLC acquired a new position in Target during the 2nd quarter worth $409,000. Raiffeisen Bank International AG boosted its holdings in Target by 43.0% during the second quarter. Raiffeisen Bank International AG now owns 17,065 shares of the retailer’s stock valued at $2,285,000 after acquiring an additional 5,129 shares during the period. Finally, Syon Capital LLC boosted its holdings in Target by 12.3% during the second quarter. Syon Capital LLC now owns 5,849 shares of the retailer’s stock valued at $764,000 after acquiring an additional 639 shares during the period. Institutional investors own 79.73% of the company’s stock.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

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.