Target Corporation (NYSE:TGT) Receives $159.52 Average PT from Brokerages

Target Corporation (NYSE:TGT) has been given an average recommendation of “Hold” by the thirty-two research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $159.5185.

A number of equities research analysts recently issued reports on TGT shares. Barclays increased their price target on Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 19th. Mizuho set a $150.00 price objective on shares of Target in a research report on Thursday, August 20th. DA Davidson raised their target price on shares of Target from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Argus set a $150.00 price target on shares of Target in a report on Friday, May 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th.

Insider Buying and Selling

In other Target news, insider Melissa Kremer sold 15,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the sale, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in Target by 13,417.6% in the second quarter. California State Teachers Retirement System now owns 91,340,014 shares of the retailer’s stock valued at $11,929,919,000 after purchasing an additional 90,664,304 shares during the period. BlackRock Inc. acquired a new position in shares of Target in the second quarter worth approximately $5,054,604,000. State Street Corp boosted its holdings in Target by 0.3% in the fourth quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after acquiring an additional 124,468 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after purchasing an additional 561,898 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Target in the 2nd quarter valued at $831,466,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

TGT opened at $155.93 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The company has a market capitalization of $70.84 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.90 and a beta of 0.99. The business has a fifty day simple moving average of $149.66 and a 200 day simple moving average of $133.09. Target has a 1 year low of $83.44 and a 1 year high of $170.75.

Target (NYSE:TGT) last posted its 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. Target had a return on equity of 23.23% and a net margin of 4.08%.The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts expect that Target will post 8.85 EPS for the current year.

Target Company Profile

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.