Target (NYSE:TGT) Price Target Raised to $170.00

Target (NYSE:TGT) had its price objective increased by Oppenheimer from $140.00 to $170.00 in a research report report published on Tuesday morning, MarketBeat reports. The firm currently has an outperform rating on the retailer’s stock.

Several other equities research analysts have also recently weighed in on TGT. Royal Bank Of Canada upped their price target on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Roth Capital reissued a “neutral” rating and issued a $114.00 target price on shares of Target in a research note on Friday, May 22nd. Wells Fargo & Company raised their price target on Target from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, TD Cowen reiterated a “hold” rating on shares of Target in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average target price of $140.00.

Target Trading Up 1.0%

NYSE TGT opened at $155.59 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $137.38 and its two-hundred day simple moving average is $125.94. Target has a twelve month low of $83.44 and a twelve month high of $156.47. The company has a market capitalization of $70.67 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.00 and a beta of 0.97.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts forecast that Target will post 8.39 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is 61.29%.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Target

Institutional investors and hedge funds have recently modified their holdings of the stock. Richardson Financial Services Inc. purchased a new position in shares of Target during the 2nd quarter worth about $26,000. WFA of San Diego LLC purchased a new stake in Target in the 2nd quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in Target in the fourth quarter worth about $25,000. Altshuler Shaham Ltd bought a new stake in Target in the fourth quarter worth about $26,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Target by 245.6% during the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after buying an additional 194 shares during the period. 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.