Target (NYSE:TGT) Given New $129.00 Price Target at JPMorgan Chase & Co.

Target (NYSE:TGT) had its price objective boosted by JPMorgan Chase & Co. from $120.00 to $129.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

Other equities research analysts have also issued reports about the company. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Wednesday, March 4th. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $91.00 to $116.00 in a research note on Wednesday, March 4th. Barclays upped their price objective on Target from $108.00 to $115.00 and gave the company an “underweight” rating in a research note on Tuesday. DA Davidson upped their price objective on Target from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Guggenheim upped their price objective on Target from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $119.75.

Target Trading Down 1.4%

Target stock opened at $121.40 on Friday. The business has a 50 day moving average price of $122.00 and a two-hundred day moving average price of $108.56. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The stock has a market cap of $55.14 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 3.66 and a beta of 1.01. Target has a 12 month low of $83.44 and a 12 month high of $133.10.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 forecast that Target will post 8.04 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed 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. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its holdings in shares of Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after acquiring an additional 124,371 shares in the last quarter. LJI Wealth Management LLC grew its holdings in shares of Target by 446.4% in the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after acquiring an additional 19,474 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Target by 15.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock valued at $30,721,000 after acquiring an additional 45,803 shares in the last quarter. Retirement Systems of Alabama bought a new position in shares of Target in the 3rd quarter valued at about $8,694,000. Finally, Mather Group LLC. grew its holdings in shares of Target by 7.5% in the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock valued at $15,173,000 after acquiring an additional 10,839 shares in the last quarter. 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.