Target (NYSE:TGT) Given New $150.00 Price Target at Guggenheim

Target (NYSE:TGT) had its price objective hoisted by Guggenheim from $145.00 to $150.00 in a report released on Monday, MarketBeat Ratings reports. The firm currently has a buy rating on the retailer’s stock.

A number of other equities analysts also recently weighed in on TGT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 target price on shares of Target in a research note on Friday, May 15th. Robert W. Baird boosted their price target on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Telsey Advisory Group upped their price target on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Royal Bank Of Canada raised their price objective on Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Jefferies Financial Group lifted their price objective on Target from $140.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.15.

Target Stock Performance

Shares of TGT stock opened at $139.63 on Monday. The company’s fifty day moving average price is $129.77 and its 200-day moving average price is $120.88. The stock has a market cap of $63.42 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. Target has a 12 month low of $83.44 and a 12 month high of $144.40.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same period last year, the business earned $1.30 EPS. Target’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts expect that Target will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.3%. Target’s dividend payout ratio is currently 60.24%.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Trading of Target

Institutional investors have recently added to or reduced their stakes in the business. WFA of San Diego LLC bought a new position in shares of Target during the second quarter valued at $25,000. Jessup Wealth Management Inc bought a new stake in Target in the 4th quarter worth about $25,000. Altshuler Shaham Ltd bought a new stake in Target in the 4th quarter worth about $26,000. Capital Advisors Ltd. LLC raised its position in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after buying an additional 194 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its position in Target by 134.9% in the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock worth $36,000 after buying an additional 170 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other 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.