Target Corporation (NYSE:TGT) Receives $131.96 Average PT from Analysts

Target Corporation (NYSE:TGT) has received an average rating of “Hold” from the thirty-two ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $132.1481.

A number of research firms have recently commented on TGT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Wolfe Research raised shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective on the stock in a research report on Tuesday, June 23rd. Robert W. Baird increased their target price on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. DA Davidson lifted their price target on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $123.00 price target on shares of Target in a research report on Friday, May 15th.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’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 transaction, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Target

Several hedge funds and other institutional investors have recently made changes to their positions in TGT. WFA of San Diego LLC acquired a new stake in Target in the second quarter valued at $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target during the 4th quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Target during the 4th quarter worth about $26,000. Global Wealth Strategies & Associates raised its holdings in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Target in the 4th quarter valued at about $30,000. 79.73% of the stock is owned by institutional investors.

Target Price Performance

Shares of TGT stock opened at $138.50 on Friday. Target has a 12-month low of $83.44 and a 12-month high of $144.40. The firm has a market capitalization of $62.91 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $130.10 and a 200-day moving average of $121.17.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts forecast that Target will post 8.35 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.4%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is currently 60.24%.

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.