Target (NYSE:TGT) Price Target Raised to $205.00

Target (NYSE:TGT) had its price target lifted by UBS Group from $185.00 to $205.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the retailer’s stock.

TGT has been the topic of a number of other reports. Wall Street Zen raised shares of Target from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Jefferies Financial Group boosted their price objective on shares of Target from $161.00 to $177.00 and gave the company a “buy” rating in a research note on Friday, August 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a report on Thursday, August 20th. Truist Financial increased their target price on shares of Target from $147.00 to $167.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Finally, Barclays raised their price target on Target from $115.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $162.37.

Target Stock Performance

Shares of NYSE:TGT traded up $0.51 during midday trading on Thursday, reaching $161.41. 2,344,353 shares of the company traded hands, compared to its average volume of 3,909,887. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target has a 12 month low of $83.44 and a 12 month high of $170.75. The firm has a market capitalization of $73.33 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The firm’s fifty day moving average price is $156.36 and its two-hundred day moving average price is $136.44.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter last year, the company earned $2.05 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts expect that Target will post 8.91 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.9%. Target’s payout ratio is presently 48.18%.

Insider Buying and Selling

In related news, CAO Matthew Liegel sold 926 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the transaction, the insider owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Nicholas Investment Partners LP lifted its stake in shares of Target by 204.3% in the 2nd quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer’s stock worth $7,204,000 after acquiring an additional 37,030 shares during the period. Saudi Central Bank raised its holdings in Target by 89.7% during the second quarter. Saudi Central Bank now owns 31,700 shares of the retailer’s stock worth $4,140,000 after purchasing an additional 14,986 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Target by 4,119.2% during the second quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer’s stock worth $48,660,000 after purchasing an additional 363,728 shares in the last quarter. Neumann Capital Management LLC acquired a new stake in Target in the third quarter valued at about $2,457,000. Finally, Two Sigma Securities LLC purchased a new stake in Target in the 2nd quarter valued at approximately $833,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Company Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands. The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States. The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.