Zacks Research Has Pessimistic Outlook of Target Q2 Earnings

Target Co. (NYSE:TGT) – Zacks Research lowered their Q2 2026 earnings per share estimates for Target in a research note issued on Wednesday, June 4th. Zacks Research analyst S. Singh now expects that the retailer will earn $2.05 per share for the quarter, down from their previous estimate of $2.54. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Zacks Research also issued estimates for Target’s Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $2.32 EPS, FY2026 earnings at $7.42 EPS, Q1 2027 earnings at $1.54 EPS, Q2 2027 earnings at $2.23 EPS, Q3 2027 earnings at $1.84 EPS, Q4 2027 earnings at $2.42 EPS, FY2027 earnings at $8.03 EPS, Q1 2028 earnings at $1.63 EPS and FY2028 earnings at $8.54 EPS.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). The business had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.03 earnings per share.

Other research analysts have also issued reports about the company. Roth Capital set a $122.00 price target on Target in a research report on Wednesday, March 5th. Baird R W cut Target from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Barclays initiated coverage on Target in a research note on Thursday, May 22nd. They issued an “equal weight” rating for the company. Truist Financial lifted their price objective on Target from $82.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 22nd. Finally, Cfra Research cut Target from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $116.70.

Target Trading Up 3.5%

Shares of Target stock opened at $100.72 on Monday. The firm has a market capitalization of $45.76 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.94 and a beta of 1.22. Target has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a 50 day moving average of $95.20 and a 200 day moving average of $115.78.

Insiders Place Their Bets

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the sale, the insider now directly owns 246,453 shares of the company’s stock, valued at $23,703,849.54. The trade was a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by company insiders.

Institutional Trading of Target

Institutional investors and hedge funds have recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the 4th quarter valued at about $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the 4th quarter valued at about $29,000. WPG Advisers LLC purchased a new stake in shares of Target in the 1st quarter valued at about $32,000. Legacy Investment Solutions LLC lifted its holdings in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Target in the 4th quarter valued at about $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.