Target (NYSE:TGT) Price Target Raised to $120.00

Target (NYSE:TGT) had its price objective increased by JPMorgan Chase & Co. from $115.00 to $120.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

Several other research analysts have also commented on the stock. Bank of America began coverage on shares of Target in a research note on Friday, February 27th. They issued an “underperform” rating and a $103.00 price objective for the company. Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $91.00 to $116.00 in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price target on shares of Target in a research report on Wednesday. Finally, Piper Sandler boosted their price target on shares of Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $115.76.

Target Price Performance

TGT opened at $120.56 on Thursday. The stock’s 50-day moving average price is $110.01 and its 200 day moving average price is $98.27. Target has a 12-month low of $83.44 and a 12-month high of $126.00. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 5.27 and a beta of 1.12. The company has a current ratio of 0.94, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts expect that Target will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th were issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, February 11th. Target’s payout ratio is 56.09%.

Institutional Investors Weigh In On Target

A number of hedge funds and other institutional investors have recently modified their holdings of the company. WFA of San Diego LLC purchased a new position in Target in the second quarter valued at $25,000. Jessup Wealth Management Inc purchased a new stake in Target during the 4th quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Target during the 4th quarter worth about $26,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Target during the 3rd quarter worth about $27,000. Finally, Global Wealth Strategies & Associates increased its holdings in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

About Target

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.