DA Davidson Issues Pessimistic Forecast for Target Earnings

Target Corporation (NYSE:TGT) – Equities research analysts at DA Davidson cut their Q2 2026 EPS estimates for shares of Target in a research report issued to clients and investors on Monday, August 11th. DA Davidson analyst M. Baker now forecasts that the retailer will post earnings per share of $2.08 for the quarter, down from their prior estimate of $2.53. DA Davidson has a “Buy” rating and a $125.00 price objective on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Target (NYSE:TGT) last posted 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 25.59% and a net margin of 3.95%. The business had revenue of $24.20 billion for the quarter, compared to analysts’ expectations of $24.54 billion. During the same period in the prior year, the business posted $2.03 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year.

A number of other equities analysts have also issued reports on the stock. Citigroup reduced their price target on shares of Target from $97.00 to $94.00 and set a “neutral” rating for the company in a research report on Thursday, May 22nd. Sanford C. Bernstein cut shares of Target from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $97.00 to $82.00 in a research note on Monday, May 12th. Barclays reaffirmed an “underweight” rating and set a $91.00 price objective on shares of Target in a research note on Monday, July 21st. Wedbush reaffirmed an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Finally, BMO Capital Markets dropped their price objective on shares of Target from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $115.81.

Target Stock Performance

TGT opened at $105.22 on Wednesday. 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 0.96. The firm has a market capitalization of $47.81 billion, a PE ratio of 11.56, a P/E/G ratio of 3.05 and a beta of 1.22. The firm has a 50 day moving average of $101.44 and a two-hundred day moving average of $105.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TGT. Brighton Jones LLC raised its holdings in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares during the period. Scotia Capital Inc. purchased a new position in shares of Target during the 4th quarter worth $233,000. Rockefeller Capital Management L.P. raised its holdings in shares of Target by 29.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 103,795 shares of the retailer’s stock worth $14,059,000 after acquiring an additional 23,878 shares during the period. Townsquare Capital LLC raised its holdings in shares of Target by 2.2% during the 4th quarter. Townsquare Capital LLC now owns 8,364 shares of the retailer’s stock worth $1,131,000 after acquiring an additional 182 shares during the period. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Target during the 4th quarter worth $668,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the transaction, the insider owned 246,453 shares in the company, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a yield of 4.3%. Target’s dividend payout ratio (DPR) is presently 50.11%.

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.