Target Corporation (NYSE:TGT) Stock Has Average Price Target of $159.52 According to Analysts

Target Corporation (NYSE:TGT) has been given a consensus recommendation of “Hold” by the thirty-two analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $159.52.

TGT has been the subject of several research analyst reports. Weiss Ratings raised Target from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Truist Financial boosted their price objective on shares of Target from $147.00 to $167.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Bank of America reiterated an “underperform” rating and set a $124.00 target price (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Telsey Advisory Group lifted their price target on shares of Target from $170.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Finally, Wells Fargo & Company boosted their target price on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th.

Target Stock Performance

NYSE TGT opened at $154.42 on Wednesday. The business’s 50 day moving average is $156.68 and its two-hundred day moving average is $137.92. Target has a 12-month low of $83.44 and a 12-month high of $170.75. The stock has a market capitalization of $70.15 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.83 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.Target’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts expect that Target will post 8.89 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is presently 48.18%.

Insider Activity at Target

In other news, insider Melissa K. Kremer sold 15,500 shares of Target stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Target

A number of institutional investors have recently modified their holdings of TGT. Kimelman & Baird LLC acquired a new stake in Target during the second quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new stake in Target in the 2nd quarter valued at about $26,000. Archer Investment Corp bought a new stake in shares of Target during the second quarter valued at approximately $30,000. Capital Advisors Ltd. LLC boosted its position in Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after acquiring an additional 194 shares during the period. Finally, Field & Main Bank lifted its holdings in Target by 47.5% in the second quarter. Field & Main Bank now owns 295 shares of the retailer’s stock worth $39,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Company Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.