Target (NYSE:TGT) Cut to Hold at Telsey Advisory Group

Telsey Advisory Group lowered shares of Target (NYSE:TGT) from a strong-buy rating to a hold rating in a report published on Wednesday, MarketBeat.com reports. Telsey Advisory Group also issued estimates for Target’s Q1 2026 earnings at $1.72 EPS, Q2 2026 earnings at $2.49 EPS, Q2 2026 earnings at $2.22 EPS, Q3 2026 earnings at $1.79 EPS, Q4 2026 earnings at $2.41 EPS, FY2026 earnings at $8.80 EPS, Q1 2027 earnings at $1.94 EPS, Q2 2027 earnings at $2.58 EPS, Q2 2027 earnings at $2.33 EPS, Q3 2027 earnings at $1.94 EPS, Q3 2027 earnings at $2.24 EPS, Q4 2027 earnings at $2.79 EPS, Q4 2027 earnings at $2.61 EPS and FY2027 earnings at $9.55 EPS.

A number of other analysts also recently issued reports on TGT. Wall Street Zen downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Robert W. Baird set a $100.00 target price on shares of Target in a research note on Thursday. DA Davidson cut their price target on Target from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus reduced their price target on Target from $130.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Finally, Roth Capital set a $122.00 price objective on Target in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.97.

Target Stock Down 0.8%

Shares of TGT opened at $94.30 on Wednesday. The company has a market capitalization of $42.85 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.94 and a beta of 1.27. Target has a 52 week low of $87.35 and a 52 week high of $167.40. The stock’s 50-day moving average price is $97.28 and its 200-day moving average price is $120.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.35). The company had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 earnings per share. On average, sell-side analysts predict that Target will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Alpha LLC acquired a new stake in shares of Target in the 4th quarter worth $277,000. Mutual Advisors LLC grew its holdings in shares of Target by 46.8% in the fourth quarter. Mutual Advisors LLC now owns 31,392 shares of the retailer’s stock valued at $4,183,000 after purchasing an additional 10,006 shares during the period. Raleigh Capital Management Inc. increased its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Avior Wealth Management LLC increased its position in Target by 8.9% during the fourth quarter. Avior Wealth Management LLC now owns 4,700 shares of the retailer’s stock worth $635,000 after purchasing an additional 384 shares during the last quarter. Finally, Secure Asset Management LLC raised its stake in Target by 13.7% during the fourth quarter. Secure Asset Management LLC now owns 13,663 shares of the retailer’s stock worth $1,847,000 after purchasing an additional 1,648 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.