Target (NYSE:TGT) Price Target Raised to $117.00

Target (NYSE:TGT) had its target price increased by Citigroup from $110.00 to $117.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

Several other analysts have also recently issued reports on the stock. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and upped their target price for the company from $110.00 to $145.00 in a research report on Wednesday. UBS Group upped their price target on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a report on Wednesday. Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and upped their price target for the company from $91.00 to $116.00 in a research note on Wednesday. Finally, Truist Financial lifted their target price on shares of Target from $90.00 to $121.00 and gave the company a “hold” rating in a report on Tuesday. Eleven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target currently has an average rating of “Hold” and an average target price of $115.76.

Target Stock Performance

Target stock opened at $120.56 on Wednesday. The company has a market capitalization of $54.59 billion, a PE ratio of 14.83, a P/E/G ratio of 5.25 and a beta of 1.12. The firm has a fifty day simple moving average of $110.01 and a two-hundred day simple moving average of $98.32. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target has a twelve month low of $83.44 and a twelve month high of $126.00.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the previous year, the business earned $2.41 EPS. 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. Research analysts expect that Target will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th were issued a $1.14 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. Target’s payout ratio is currently 56.09%.

Hedge Funds Weigh In On Target

Several large investors have recently bought and sold shares of TGT. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter worth about $25,000. Jessup Wealth Management Inc acquired a new position in Target in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in Target in the 4th quarter worth approximately $26,000. Global Wealth Strategies & Associates lifted its holdings in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in Target during the third quarter valued at $27,000. Institutional investors and hedge funds 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.