Target (NYSE:TGT) Stock Price Expected to Rise, Truist Financial Analyst Says

Target (NYSE:TGT) had its target price lifted by investment analysts at Truist Financial from $121.00 to $123.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the retailer’s stock. Truist Financial’s price target suggests a potential upside of 2.37% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Citigroup upped their price target on shares of Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group upped their price target on shares of Target from $91.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Morgan Stanley upped their price target on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, BNP Paribas Exane upped their price target on shares of Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $118.71.

Target Price Performance

TGT stock traded down $1.65 during trading on Wednesday, reaching $120.15. 847,843 shares of the company were exchanged, compared to its average volume of 5,879,185. The company has a 50-day moving average of $121.77 and a two-hundred day moving average of $108.07. The company has a market capitalization of $54.57 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 4.94 and a beta of 1.01. Target has a twelve month low of $83.44 and a twelve month high of $133.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, equities analysts predict that Target will post 8.02 earnings per share for the current fiscal year.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TGT. Brighton Jones LLC lifted its stake in shares of 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 buying an additional 3,059 shares in the last quarter. Woodline Partners LP lifted its position in shares of Target by 39.9% during the first 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 lifted its position in shares of Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after purchasing an additional 12,948 shares in the last quarter. Sei Investments Co. lifted its position in shares of Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after purchasing an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in 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 last quarter. 79.73% of the stock is owned by institutional investors.

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.