Telsey Advisory Group Has Lowered Expectations for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price objective dropped by investment analysts at Telsey Advisory Group from $145.00 to $130.00 in a research report issued on Friday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 31.90% from the stock’s current price. Telsey Advisory Group also issued estimates for Target’s Q1 2026 earnings at $1.72 EPS, Q2 2026 earnings at $2.49 EPS, FY2026 earnings at $8.80 EPS, Q1 2027 earnings at $1.94 EPS, Q2 2027 earnings at $2.58 EPS, Q3 2027 earnings at $2.24 EPS, Q4 2027 earnings at $2.79 EPS and FY2027 earnings at $9.55 EPS.

A number of other equities research analysts have also recently commented on the stock. Cfra Research cut shares of Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. Robert W. Baird cut shares of Target from an “outperform” rating to a “neutral” rating and set a $110.00 price target on the stock. in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on shares of Target from $140.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Roth Capital set a $122.00 price target on shares of Target in a report on Wednesday, March 5th. Finally, Piper Sandler lowered their price target on shares of Target from $124.00 to $105.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Target has an average rating of “Hold” and an average target price of $128.13.

Target Price Performance

Target stock opened at $98.56 on Friday. Target has a 52 week low of $87.35 and a 52 week high of $167.40. The company’s 50 day moving average price is $98.24 and its two-hundred day moving average price is $121.85. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $44.78 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. On average, equities analysts predict that Target will post 8.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGT. Kathmere Capital Management LLC lifted its stake in Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in Target by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after purchasing an additional 76 shares during the last quarter. Fiducient Advisors LLC lifted its stake in Target by 4.6% in the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock worth $240,000 after purchasing an additional 78 shares during the last quarter. First PREMIER Bank lifted its stake in Target by 21.9% in the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after purchasing an additional 80 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in Target by 0.4% in the fourth quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock worth $2,513,000 after purchasing an additional 82 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.