Target Q2 EPS Forecast Decreased by Telsey Advisory Group

Target Co. (NYSE:TGT) – Equities researchers at Telsey Advisory Group cut their Q2 2026 earnings per share (EPS) estimates for Target in a research note issued to investors on Wednesday, May 21st. Telsey Advisory Group analyst J. Feldman now forecasts that the retailer will earn $2.22 per share for the quarter, down from their previous forecast of $2.49. Telsey Advisory Group has a “Hold” rating on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Telsey Advisory Group also issued estimates for Target’s Q3 2026 earnings at $1.79 EPS, Q4 2026 earnings at $2.41 EPS, Q2 2027 earnings at $2.33 EPS, Q3 2027 earnings at $1.94 EPS and Q4 2027 earnings at $2.61 EPS.

Target (NYSE:TGT) last issued 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same quarter last year, the firm posted $2.03 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis.

Several other research firms have also weighed in on TGT. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. Truist Financial upped their price objective on shares of Target from $82.00 to $90.00 and gave the company a “hold” rating in a report on Thursday. Oppenheimer cut their price objective on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Robert W. Baird set a $100.00 target price on Target in a research report on Thursday. Finally, Jefferies Financial Group dropped their price target on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $117.97.

Target Trading Down 0.8%

Shares of TGT stock opened at $94.30 on Friday. Target has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a 50 day simple moving average of $97.28 and a two-hundred day simple moving average of $120.16. The company has a market cap of $42.85 billion, a P/E ratio of 10.00, a PEG ratio of 1.94 and a beta of 1.27.

Target Announces Dividend

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

Hedge Funds Weigh In On Target

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mattson Financial Services LLC increased its holdings in Target by 49.8% during the first quarter. Mattson Financial Services LLC now owns 28,585 shares of the retailer’s stock worth $2,983,000 after buying an additional 9,501 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Target by 0.7% during the 1st quarter. Acadian Asset Management LLC now owns 135,974 shares of the retailer’s stock valued at $14,183,000 after acquiring an additional 909 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Target by 119.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,398 shares of the retailer’s stock worth $459,000 after purchasing an additional 2,396 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Target by 38.8% during the 1st quarter. Intech Investment Management LLC now owns 100,917 shares of the retailer’s stock worth $10,532,000 after purchasing an additional 28,214 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Target by 0.9% in the 1st quarter. Focus Partners Wealth now owns 95,879 shares of the retailer’s stock worth $10,006,000 after purchasing an additional 818 shares during the period. 79.73% of the stock is 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.