Roth Capital Has Pessimistic Outlook of Target Q4 Earnings

Target Co. (NYSE:TGT) – Stock analysts at Roth Capital dropped their Q4 2026 earnings per share estimates for shares of Target in a research note issued on Thursday, May 22nd. Roth Capital analyst W. Kirk now forecasts that the retailer will post earnings of $2.45 per share for the quarter, down from their previous estimate of $2.61. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). The company had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s quarterly 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.

Other research analysts have also issued reports about the company. UBS Group lowered their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Oppenheimer lowered their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Piper Sandler set a $94.00 price objective on Target and gave the stock a “neutral” rating in a research report on Thursday. Finally, Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $117.97.

Target Stock Down 0.8%

Shares of TGT opened at $94.30 on Monday. The stock’s 50-day moving average price is $97.28 and its two-hundred day moving average price is $119.76. Target has a 12 month low of $87.35 and a 12 month high of $167.40. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $42.85 billion, a PE ratio of 10.00, a PEG ratio of 1.94 and a beta of 1.27.

Target Dividend Announcement

The business 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 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 currently 49.23%.

Hedge Funds Weigh In On Target

Hedge funds have recently added to or reduced their stakes in the stock. Nicholas Company Inc. boosted its stake in Target by 20.5% during the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after purchasing an additional 9,485 shares during the last quarter. River Road Asset Management LLC boosted its stake in Target by 144.9% during the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Target during the 4th quarter valued at about $6,459,000. Sierra Summit Advisors LLC boosted its stake in shares of Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock worth $1,940,000 after buying an additional 3,231 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after acquiring an additional 3,590 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.