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

Target (NYSE:TGT) had its price objective upped by Guggenheim from $130.00 to $140.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other equities research analysts also recently weighed in on TGT. KeyCorp reissued a “sector weight” rating on shares of Target in a research report on Wednesday, March 4th. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. JPMorgan Chase & Co. increased their price target on Target from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. UBS Group increased their price target on Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Evercore set a $105.00 price target on Target in a report on Tuesday, February 17th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $117.39.

Target Trading Down 1.1%

NYSE:TGT opened at $130.71 on Monday. Target has a one year low of $83.44 and a one year high of $133.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The firm has a market capitalization of $59.19 billion, a P/E ratio of 16.08, a PEG ratio of 5.50 and a beta of 1.03. The company’s 50-day simple moving average is $118.91 and its 200 day simple moving average is $104.85.

Target (NYSE:TGT) last posted its quarterly earnings data 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. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the company earned $2.41 EPS. The firm’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. As a group, analysts forecast that Target will post 8.04 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.5%. Target’s dividend payout ratio is currently 56.09%.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. WFA of San Diego LLC bought a new stake in Target during the 2nd quarter valued at approximately $25,000. Jessup Wealth Management Inc bought a new stake in Target during the 4th quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in Target during the 4th quarter valued at approximately $26,000. Capital Advisors Ltd. LLC raised its stake in Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares during the period. Finally, Global Wealth Strategies & Associates raised its stake in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Institutional investors own 79.73% of the company’s stock.

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.