Target Corporation (NYSE:TGT) Receives Average Recommendation of “Hold” from Analysts

Shares of Target Corporation (NYSE:TGTGet Free Report) have been given a consensus rating of “Hold” by the thirty-two brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $159.5185.

A number of analysts have issued reports on TGT shares. Evercore set a $170.00 target price on Target in a research note on Thursday, August 20th. Bank of America restated an “underperform” rating and set a $124.00 price target (up from $110.00) on shares of Target in a report on Wednesday, August 12th. Mizuho set a $150.00 price target on shares of Target in a research report on Thursday, August 20th. Oppenheimer upped their price objective on Target from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Finally, Telsey Advisory Group raised their target price on Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th.

Check Out Our Latest Analysis on TGT

Target Stock Performance

TGT opened at $157.63 on Friday. The firm has a market capitalization of $71.61 billion, a PE ratio of 16.37, a PEG ratio of 3.03 and a beta of 0.99. Target has a twelve month low of $83.44 and a twelve month high of $170.75. The firm’s 50-day moving average price is $148.64 and its 200 day moving average price is $132.65. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. Target’s quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, sell-side analysts expect that Target will post 8.85 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Matthew Liegel sold 926 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Target

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System grew its stake in shares of Target by 13,417.6% in the second quarter. California State Teachers Retirement System now owns 91,340,014 shares of the retailer’s stock valued at $11,929,919,000 after buying an additional 90,664,304 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Target in the 2nd quarter valued at $5,054,604,000. Bank of New York Mellon Corp acquired a new position in Target during the 2nd quarter worth about $831,466,000. Norges Bank acquired a new position in Target during the 4th quarter worth about $587,903,000. Finally, TOMS Capital Investment Management LP purchased a new position in Target during the 4th quarter valued at about $257,571,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Target

(Get Free Report)

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.

See Also

Analyst Recommendations for Target (NYSE:TGT)

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