Target (NYSE:TGT) Posts Earnings Results

Target (NYSE:TGT) issued its quarterly earnings data on Wednesday. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76, FiscalAI reports. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Target updated its FY 2026 guidance to 9.900-10.900 EPS.

Target Stock Up 1.1%

NYSE:TGT opened at $152.63 on Wednesday. The company has a market cap of $69.32 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 2.51 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The stock’s fifty day moving average price is $139.08 and its two-hundred day moving average price is $126.98. Target has a 52-week low of $83.44 and a 52-week high of $156.47.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.0%. Target’s dividend payout ratio is presently 61.29%.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Target in the 4th quarter valued at $515,000. Mcguire Capital Advisors Inc. acquired a new position in Target in the fourth quarter valued at about $67,000. Compound Planning Inc. lifted its stake in Target by 38.4% in the fourth quarter. Compound Planning Inc. now owns 3,872 shares of the retailer’s stock valued at $379,000 after buying an additional 1,074 shares during the period. TMB Capital Partners LLC bought a new position in Target during the fourth quarter worth about $300,000. Finally, Invesco Ltd. boosted its holdings in Target by 21.1% during the fourth quarter. Invesco Ltd. now owns 4,734,609 shares of the retailer’s stock worth $462,808,000 after buying an additional 824,446 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target raised its fiscal 2026 guidance, now forecasting adjusted earnings per share of $9.90–$10.90 versus the $7.72 analyst consensus. The company also expects approximately $110 billion in revenue, above the roughly $106.4 billion consensus estimate. Target Raises Fiscal-Year Forecast Again as Turnaround Gains Traction With Consumers
• Positive Sentiment: Second-quarter net sales increased 5.3% year over year, while comparable sales rose 3.8%, supported by a 3.6% increase in traffic. The two-year comparable sales growth rate also accelerated, indicating improving consumer engagement. Target Corporation Reports Second Quarter Earnings
• Positive Sentiment: Management raised its annual sales-growth forecast to about 5%, reinforcing the view that pricing initiatives and merchandising improvements are producing results. Target lifts annual forecasts again as Fiddelke’s turnaround takes root
• Positive Sentiment: DA Davidson raised its price target on TGT to $170 from $155 and maintained a “buy” rating, citing potential for further appreciation. Target analyst forecast changes
• Neutral Sentiment: Target’s stock had already rallied substantially this year, leaving investors focused on whether improved sales momentum can persist and justify the higher valuation. Target is set to report earnings before the bell
• Negative Sentiment: Quarterly profit received an approximately $1 billion boost from tariff refunds. Because this benefit may not recur, investors may view the underlying earnings improvement as less powerful than the headline guidance suggests. Target lifts annual forecasts again as Fiddelke’s turnaround takes root

Analyst Upgrades and Downgrades

TGT has been the subject of several analyst reports. TD Cowen reissued a “hold” rating on shares of Target in a report on Monday, August 10th. Roth Capital reaffirmed a “neutral” rating and set a $114.00 price objective on shares of Target in a research note on Friday, May 22nd. Freedom Capital cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Oppenheimer lifted their target price on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company increased their price target on Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $143.85.

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.