DA Davidson Weighs in on Target’s FY2026 Earnings (NYSE:TGT)

Target Co. (NYSE:TGT) – Research analysts at DA Davidson reduced their FY2026 earnings per share estimates for shares of Target in a report issued on Thursday, May 22nd. DA Davidson analyst M. Baker now forecasts that the retailer will earn $7.96 per share for the year, down from their prior forecast of $9.31. DA Davidson currently has a “Buy” rating and a $125.00 target price on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share. DA Davidson also issued estimates for Target’s FY2027 earnings at $8.26 EPS.

A number of other equities analysts also recently weighed in on TGT. The Goldman Sachs Group reduced their price target on Target from $101.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday. Bank of America downgraded Target from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $145.00 to $105.00 in a research report 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 research report on Thursday, March 20th. Mizuho reduced their price target on Target from $92.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company reduced their price target on Target from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus price target of $117.97.

Target Price Performance

Shares of TGT opened at $94.30 on Monday. 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 200 day simple moving average of $119.76. Target has a 52-week low of $87.35 and a 52-week high of $167.40. The firm has a market capitalization of $42.85 billion, a PE ratio of 10.00, a P/E/G ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. Target’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.75%. Target’s dividend payout ratio (DPR) is presently 49.23%.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. Hopwood Financial Services Inc. bought a new stake in Target during the 4th quarter valued at $29,000. Bernard Wealth Management Corp. bought a new stake in Target during the 4th quarter valued at $29,000. WPG Advisers LLC bought a new stake in Target during the 1st quarter valued at $32,000. Legacy Investment Solutions LLC increased its stake in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Target during the 4th quarter valued at $36,000. Institutional investors own 79.73% of the company’s stock.

Target Company Profile

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.