What is DA Davidson’s Forecast for Target Q3 Earnings?

Target Corporation (NYSE:TGT) – DA Davidson lowered their Q3 2026 EPS estimates for shares of Target in a note issued to investors on Wednesday, November 12th. DA Davidson analyst M. Baker now expects that the retailer will post earnings of $1.77 per share for the quarter, down from their prior forecast of $1.85. DA Davidson has a “Buy” rating and a $108.00 price target on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

Several other equities research analysts have also recently commented on the company. Royal Bank Of Canada increased their price objective on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Truist Financial dropped their price target on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Piper Sandler reissued a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Wedbush restated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $108.71.

Target Stock Performance

Shares of TGT opened at $90.66 on Thursday. The company has a market cap of $41.20 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 2.74 and a beta of 1.19. The business’s fifty day simple moving average is $90.60 and its two-hundred day simple moving average is $96.25. Target has a 12 month low of $85.36 and a 12 month high of $158.42. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Hedge Funds Weigh In On Target

Several institutional investors and hedge funds have recently bought and sold shares of TGT. Vanguard Group Inc. raised its stake in shares of Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after buying an additional 6,481,560 shares during the period. State Street Corp grew its stake in shares of Target by 4.3% during the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Target by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after acquiring an additional 277,176 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Target during the 2nd quarter worth approximately $595,839,000. Finally, Norges Bank bought a new stake in Target during the 2nd quarter worth approximately $578,009,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is presently 53.15%.

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.