Target (NYSE:TGT) Releases FY 2026 Earnings Guidance

Target (NYSE:TGT) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.900-10.900 for the period, compared to the consensus estimate of 7.720. The company issued revenue guidance of $110.0 billion-$110.0 billion, compared to the consensus revenue estimate of $106.4 billion.

Target Stock Performance

Shares of TGT opened at $152.63 on Wednesday. The stock’s 50-day simple moving average is $139.08 and its 200 day simple moving average is $126.98. The stock has a market capitalization of $69.32 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth 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. Target has a 52-week low of $83.44 and a 52-week high of $156.47.

Target (NYSE:TGT) last issued its earnings results 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 during 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 company earned $1.30 EPS. Research analysts forecast that Target will post 8.43 EPS for the current fiscal year.

Target Increases Dividend

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

Analyst Ratings Changes

TGT has been the topic of several recent analyst reports. Roth Capital reiterated a “neutral” rating and issued a $114.00 target price on shares of Target in a research note on Friday, May 22nd. TD Cowen reaffirmed a “hold” rating on shares of Target in a report on Monday, August 10th. Wells Fargo & Company increased their price objective on Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. UBS Group increased their price objective on Target from $144.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Bank of America reissued an “underperform” rating and set a $124.00 price objective (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $143.85.

Insider Transactions at Target

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 shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: DA Davidson raised its price target on Target from $155 to $170 and reiterated a “buy” rating, implying additional upside from recent trading levels. Target price target raised by DA Davidson
• Positive Sentiment: Analysts are highlighting Target’s dividend appeal, which may support demand from income-oriented investors while the stock trades at a valuation below some retail peers. Why Target is a great dividend stock right now
• Neutral Sentiment: Target is scheduled to report second-quarter earnings before the market opens on Wednesday, August 19, followed by a 7:00 a.m. conference call. The event is the immediate catalyst for the stock and could produce significant volatility. Target second-quarter earnings conference call
• Neutral Sentiment: Pre-earnings coverage points to rising estimates, improving merchandising and the possibility of another earnings beat. Investors will focus on sales trends, margins, costs and management’s outlook, particularly because tough year-over-year comparisons could limit gains. Target pre-second-quarter earnings preview
• Negative Sentiment: A review of Target’s five-year performance underscores longer-term concerns: the stock has substantially lagged other major U.S. retailers, raising questions about its competitive position and sustainable growth prospects. Target’s stock down 40 percent in five years

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new stake in Target during the second quarter worth about $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target during the 4th quarter valued at about $26,000. Darwin Wealth Management LLC bought a new stake in Target in the 2nd quarter worth approximately $37,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Target in the 4th quarter worth approximately $36,000. Institutional investors 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.