Target (NYSE:TGT) Issues FY 2026 Earnings Guidance

Posted by Geri Gentry on Aug 19th, 2026

Target logo Target (NYSE:TGT – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 9.900-10.900 for the period, compared to the consensus EPS estimate of 7.720. The company issued revenue guidance of $110.0 billion-$110.0 billion, compared to the consensus revenue estimate of $106.4 billion.

Target Stock Performance

Shares of TGT stock opened at $152.63 on Wednesday. The company’s fifty day simple moving average is $139.08 and its 200-day simple moving average is $126.98. 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 firm has a market cap of $69.32 billion, a PE ratio of 20.16, a P/E/G ratio of 2.51 and a beta of 0.96. Target has a 12 month low of $83.44 and a 12 month high of $156.47.

Target (NYSE:TGT – Get Free Report) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share 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 business had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter last year, the firm earned $1.30 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts expect that Target will post 8.43 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. Target’s payout ratio is presently 61.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TGT. Evercore set a $150.00 price objective on shares of Target in a research report on Tuesday, August 4th. UBS Group lifted their price target on Target from $144.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BMO Capital Markets boosted their price target on Target from $130.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Target in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $143.85.

Get Our Latest Report on TGT

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were 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 of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Key Headlines Impacting Target

Here are the key news stories impacting Target this week:

Positive Sentiment: Target raised its fiscal 2026 guidance, now forecasting adjusted earnings per share of $9.90–$10.90 versus the $7.72 analyst consensus. The company also expects approximately $110 billion in revenue, above the roughly $106.4 billion consensus estimate. Target Raises Fiscal-Year Forecast Again as Turnaround Gains Traction With Consumers
Positive Sentiment: Second-quarter net sales increased 5.3% year over year, while comparable sales rose 3.8%, supported by a 3.6% increase in traffic. The two-year comparable sales growth rate also accelerated, indicating improving consumer engagement. Target Corporation Reports Second Quarter Earnings
Positive Sentiment: Management raised its annual sales-growth forecast to about 5%, reinforcing the view that pricing initiatives and merchandising improvements are producing results. Target lifts annual forecasts again as Fiddelke’s turnaround takes root
Positive Sentiment: DA Davidson raised its price target on TGT to $170 from $155 and maintained a “buy” rating, citing potential for further appreciation. Target analyst forecast changes
Neutral Sentiment: Target’s stock had already rallied substantially this year, leaving investors focused on whether improved sales momentum can persist and justify the higher valuation. Target is set to report earnings before the bell
Negative Sentiment: Quarterly profit received an approximately $1 billion boost from tariff refunds. Because this benefit may not recur, investors may view the underlying earnings improvement as less powerful than the headline guidance suggests. Target lifts annual forecasts again as Fiddelke’s turnaround takes root

Institutional Trading of Target

Several large investors have recently modified their holdings of TGT. Brighton Jones LLC increased its holdings in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the period. Woodline Partners LP boosted its holdings in shares of Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after purchasing an additional 11,047 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after purchasing an additional 12,948 shares during the last quarter. Sei Investments Co. increased its stake in shares of Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after purchasing an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Target by 11.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after buying an additional 27,063 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

About Target

(Get Free Report)

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.