Analysts Set Target Corporation (NYSE:TGT) Price Target at $102.62

Shares of Target Corporation (NYSE:TGT) have been given an average recommendation of “Hold” by the thirty-six ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $102.6552.

TGT has been the topic of several research reports. Piper Sandler reissued a “neutral” rating and set a $85.00 price target (down from $94.00) on shares of Target in a research report on Thursday, November 20th. BTIG Research began coverage on shares of Target in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 target price on shares of Target in a report on Friday, November 14th. Finally, DA Davidson restated a “buy” rating and issued a $108.00 target price on shares of Target in a research note on Thursday, November 20th.

Target Stock Up 2.7%

Shares of NYSE:TGT opened at $100.44 on Monday. The firm has a market cap of $45.48 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 10.94 and a beta of 1.12. The company has a fifty day simple moving average of $93.11 and a 200 day simple moving average of $95.53. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target has a 12-month low of $83.44 and a 12-month high of $145.08.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities research analysts anticipate that Target will post 8.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Target

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares during the period. CreativeOne Wealth LLC raised its stake in Target by 27.9% during the 1st quarter. CreativeOne Wealth LLC now owns 6,961 shares of the retailer’s stock valued at $726,000 after acquiring an additional 1,519 shares in the last quarter. WPG Advisers LLC acquired a new position in Target during the 1st quarter worth $32,000. The Manufacturers Life Insurance Company grew its stake in shares of Target by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 581,281 shares of the retailer’s stock worth $60,662,000 after purchasing an additional 45,464 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Target by 755.6% during the first quarter. Vident Advisory LLC now owns 25,685 shares of the retailer’s stock valued at $2,680,000 after purchasing an additional 22,683 shares during the period. 79.73% of the stock is currently 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.