Target (NYSE:TGT) Price Target Raised to $140.00 at Guggenheim

Target (NYSE:TGT) had its price target boosted by Guggenheim from $130.00 to $140.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

A number of other research firms also recently commented on TGT. KeyCorp restated a “sector weight” rating on shares of Target in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on Target from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Piper Sandler lifted their target price on Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, UBS Group lifted their target price on Target from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.68.

Target Price Performance

NYSE:TGT opened at $130.06 on Monday. Target has a 52 week low of $83.44 and a 52 week high of $130.19. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $58.90 billion, a P/E ratio of 16.00, a P/E/G ratio of 5.32 and a beta of 1.03. The stock’s fifty day moving average is $118.21 and its two-hundred day moving average is $104.36.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts expect that Target will post 8.04 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is currently 56.09%.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% 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

Institutional investors and hedge funds have recently modified their holdings of the company. WFA of San Diego LLC purchased a new stake in shares of Target in the 2nd quarter valued at $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target in the 4th quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Target in the 4th quarter valued at $26,000. Global Wealth Strategies & Associates raised 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 buying an additional 192 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in Target during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.