Target Corporation (NYSE:TGT) Receives $116.45 Consensus PT from Brokerages

Shares of Target Corporation (NYSE:TGT) have earned a consensus rating of “Hold” from the thirty-four ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $116.4483.

TGT has been the subject of several research analyst reports. Truist Financial lifted their price objective on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and increased their target price for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Piper Sandler raised their target price on Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, UBS Group upped their price target on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th.

Target Trading Down 0.2%

Shares of TGT stock opened at $117.11 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. Target has a 12-month low of $83.44 and a 12-month high of $126.00. The stock has a market capitalization of $53.03 billion, a P/E ratio of 14.40, a P/E/G ratio of 5.02 and a beta of 1.12. The firm’s 50 day moving average is $112.33 and its 200 day moving average is $99.15.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Research analysts expect that Target will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is 56.09%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its position in shares of Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after purchasing an additional 124,371 shares during the period. CWM LLC raised its position in shares of Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after purchasing an additional 11,378 shares during the period. Twelve Points Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at $1,236,000. QVR LLC purchased a new position in shares of Target during the 2nd quarter valued at $11,014,000. Finally, LJI Wealth Management LLC lifted its stake in shares of Target by 446.4% during the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after buying an additional 19,474 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

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.