Telsey Advisory Group Predicts Weaker Earnings for Target

Target Corporation (NYSE:TGT) – Equities researchers at Telsey Advisory Group cut their Q3 2026 earnings per share (EPS) estimates for Target in a report issued on Wednesday, August 20th. Telsey Advisory Group analyst J. Feldman now forecasts that the retailer will post earnings of $1.76 per share for the quarter, down from their prior forecast of $1.79. Telsey Advisory Group currently has a “Market Perform” rating and a $110.00 target price 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 Q4 2026 earnings at $2.37 EPS, FY2026 earnings at $7.48 EPS, Q2 2027 earnings at $2.21 EPS, Q3 2027 earnings at $1.87 EPS, Q4 2027 earnings at $2.51 EPS and FY2027 earnings at $8.12 EPS.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Target from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Wedbush reissued an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Sanford C. Bernstein lowered Target from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $97.00 to $82.00 in a research note on Monday, May 12th. Finally, Morgan Stanley lowered their price objective on Target from $160.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Target currently has an average rating of “Hold” and an average target price of $113.74.

Target Stock Performance

NYSE TGT opened at $98.9880 on Friday. The stock’s fifty day moving average is $102.06 and its two-hundred day moving average is $103.85. The firm has a market capitalization of $44.98 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 2.80 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.99. Target has a fifty-two week low of $87.35 and a fifty-two week high of $161.84.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The firm had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, August 13th. Target’s payout ratio is currently 50.11%.

Insider Activity

In related news, insider Brian C. Cornell sold 45,000 shares of the business’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 sale, the insider owned 246,453 shares in the company, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Target

Several large investors have recently bought and sold shares of TGT. Bontempo Ohly Capital Mgmt LLC boosted its position in shares of Target by 0.3% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer’s stock valued at $3,875,000 after acquiring an additional 85 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Target by 0.9% during the 4th quarter. Ancora Advisors LLC now owns 10,369 shares of the retailer’s stock valued at $1,402,000 after acquiring an additional 92 shares during the last quarter. JNBA Financial Advisors boosted its position in shares of Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after acquiring an additional 96 shares during the last quarter. Hayek Kallen Investment Management boosted its position in shares of Target by 0.7% during the 4th quarter. Hayek Kallen Investment Management now owns 13,278 shares of the retailer’s stock valued at $1,795,000 after acquiring an additional 98 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. lifted its position in Target by 32.3% in the second quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after buying an additional 98 shares during the last quarter. Hedge funds and other institutional investors 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.