Target (NYSE:TGT – Get Free Report) had its price target lifted by equities researchers at Oppenheimer from $140.00 to $170.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price target would indicate a potential upside of 11.69% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised their price objective on Target from $140.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Barclays restated an “underweight” rating on shares of Target in a research note on Monday, June 1st. Wolfe Research set a $169.00 price objective on Target in a research note on Monday, August 3rd. Telsey Advisory Group lifted their target price on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Citigroup upped their price objective on Target from $133.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $138.00.
Check Out Our Latest Stock Report on TGT
Target Stock Up 1.7%
Target (NYSE:TGT – Get Free Report) last released its earnings results 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 return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same period last year, the business posted $1.30 earnings per share. Target’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts anticipate that Target will post 8.32 EPS for the current year.
Insider Activity
In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.
Hedge Funds Weigh In On Target
A number of large investors have recently modified their holdings of TGT. WFA of San Diego LLC purchased a new stake in Target during the second quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new position in Target in the fourth quarter valued at about $25,000. Richardson Financial Services Inc. purchased a new position in shares of Target during the 2nd quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new stake in shares of Target in the 4th quarter worth about $26,000. Finally, Eagle Bay Advisors LLC bought a new position in Target during the 4th quarter worth approximately $30,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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