DA Davidson Reiterates “Buy” Rating for Target (NYSE:TGT)

Target (NYSE:TGT)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $108.00 price target on the retailer’s stock. DA Davidson’s price target indicates a potential upside of 23.41% from the stock’s current price. DA Davidson also issued estimates for Target’s Q4 2026 earnings at $2.13 EPS, FY2026 earnings at $7.26 EPS and FY2027 earnings at $7.60 EPS.

TGT has been the subject of several other reports. Bank of America reaffirmed an “underperform” rating and set a $93.00 target price (down from $105.00) on shares of Target in a report on Friday, August 15th. Wolfe Research initiated coverage on Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Truist Financial cut their target price on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.97.

Target Stock Up 4.6%

Shares of NYSE:TGT opened at $87.51 on Thursday. The company’s fifty day moving average is $90.13 and its two-hundred day moving average is $95.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. Target has a 1-year low of $83.44 and a 1-year high of $145.08. The stock has a market capitalization of $39.76 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $25.28 billion during the quarter, compared to analyst estimates of $25.44 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities analysts anticipate that Target will post 8.69 EPS for the current year.

Institutional Investors Weigh In On Target

Several institutional investors have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. boosted its holdings in shares of Target by 48.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after acquiring an additional 27,329 shares in the last quarter. Precedent Wealth Partners LLC boosted its stake in Target by 27.7% during the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after purchasing an additional 2,869 shares in the last quarter. PDT Partners LLC acquired a new position in shares of Target during the 1st quarter valued at $4,623,000. Mattern Capital Management LLC raised its stake in shares of Target by 7.6% in the 2nd quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock worth $7,809,000 after buying an additional 5,573 shares in the last quarter. Finally, Northern Financial Advisors Inc acquired a new stake in shares of Target in the second quarter valued at $370,000. 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.