Target Corporation (NYSE:TGT) Receives $117.39 Consensus Target Price from Analysts

Shares of Target Corporation (NYSE:TGT) have received an average recommendation of “Hold” from the thirty-two analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $117.9643.

Several equities research analysts have issued reports on TGT shares. Wells Fargo & Company lifted their target price on shares of Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Target in a research note on Monday. The Goldman Sachs Group increased their target price on shares of Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of Target in a research report on Wednesday, March 4th. Finally, 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.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’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 completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Institutional Trading of Target

Several hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP raised its position in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after purchasing an additional 11,047 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after buying an additional 12,948 shares during the period. Sei Investments Co. boosted its stake in shares of Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after buying an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after buying an additional 27,063 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 3.2%

Shares of Target stock opened at $125.96 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. Target has a twelve month low of $83.44 and a twelve month high of $133.10. The firm has a market capitalization of $57.21 billion, a PE ratio of 15.49, a P/E/G ratio of 5.43 and a beta of 1.01. The firm’s 50-day moving average price is $121.35 and its 200 day moving average price is $107.47.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts predict that Target will post 8.02 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.6%. Target’s payout ratio is presently 56.09%.

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.