Target (NYSE:TGT) Price Target Raised to $100.00 at Evercore ISI

Target (NYSE:TGT) had its target price hoisted by Evercore ISI from $95.00 to $100.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an in-line rating on the retailer’s stock.

TGT has been the subject of several other research reports. Mizuho reduced their target price on shares of Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. BMO Capital Markets reduced their price objective on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. JPMorgan Chase & Co. dropped their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. DA Davidson set a $120.00 target price on Target in a report on Monday, January 12th. Finally, BTIG Research initiated coverage on Target in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $103.21.

Target Stock Up 1.6%

Shares of NYSE TGT opened at $111.31 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The company has a 50-day moving average price of $100.30 and a 200-day moving average price of $96.39. The stock has a market capitalization of $50.40 billion, a P/E ratio of 13.51, a P/E/G ratio of 11.23 and a beta of 1.14. Target has a 1 year low of $83.44 and a 1 year high of $137.05.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities research analysts forecast that Target will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is currently 55.34%.

Institutional Trading of Target

A number of institutional investors have recently modified their holdings of TGT. Vanguard Group Inc. lifted its position in shares of Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after acquiring an additional 286,499 shares in the last quarter. State Street Corp raised its stake in shares of Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after purchasing an additional 911,964 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Target by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after purchasing an additional 277,176 shares in the last quarter. Norges Bank bought a new position in Target in the 2nd quarter worth about $578,009,000. Finally, Dimensional Fund Advisors LP grew its holdings in Target by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after buying an additional 122,300 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Long-term buy thesis highlighted: Seeking Alpha argues Target is “under pressure, not overvalued,” noting low valuation multiples, a ~4%+ dividend yield and a long dividend-growth streak — factors that can attract income-focused and value investors. Target Is Under Pressure, Not Overvalued
• Positive Sentiment: Sell-side / peer upgrades: Wolfe raised Target to Peer Perform (InsiderMonkey summary), citing improved operational signals and a better risk/reward profile — upgrades can spur buying from funds watching analyst momentum. Target (TGT) Upgraded as Risk-Reward Improves
• Positive Sentiment: Institutional accumulation: Filings show AlphaQuest and other funds adding positions, signaling demand from institutional investors which can support the stock near-term. AlphaQuest LLC Takes Position in Target Corporation $TGT
• Neutral Sentiment: Today’s price outperformance versus a weaker market: coverage noting TGT “rose as market took a dip” suggests part of the move is relative strength rather than new company-specific catalysts. Target (TGT) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Retail interest & earnings-watch: Zacks mentions TGT as a trending ticker and highlights Earnings ESP tools for spotting potential beats — increased searches and expectations can boost volume but aren’t conclusive catalysts. Here is What to Know Beyond Why Target Corporation (TGT) is a Trending Stock
• Negative Sentiment: Analyst price-targets and outlook still constrain upside: Evercore raised its target to $100 but kept an “in-line” rating — that PT implies downside from current levels and could cap enthusiasm among growth/secular investors. Benzinga: Evercore ISI price target note
• Negative Sentiment: Operational challenges and mixed analyst views persist: coverage (Investopedia, MarketBeat summaries) highlights Target’s recent sales softness, grocery/discretionary pressures and a majority of analysts at Hold with an average 12‑month PT below the current price — fundamental risks that could pressure the stock if execution stalls. For the New Walmart and Target CEOs, It’s ‘Continuation’ vs. ‘Reinvention’

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.