Analysts at TD Cowen assumed coverage on shares of Target (NYSE:TGT – Get Free Report) in a note issued to investors on Friday, Zacks reports. The firm set a “hold” rating on the retailer’s stock.
A number of other research firms also recently commented on TGT. Telsey Advisory Group upped their price objective on shares of Target from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Piper Sandler upped their price target on shares of Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Wall Street Zen raised shares of Target from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Barclays lifted their target price on Target from $115.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, August 19th. Finally, Roth Capital reissued a “neutral” rating and set a $142.00 price target on shares of Target in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.33.
Read Our Latest Stock Report on Target
Target Stock Performance
Shares of NYSE TGT opened at $153.70 on Friday. Target has a 12 month low of $83.44 and a 12 month high of $170.75. The company has a 50-day simple moving average of $157.12 and a 200-day simple moving average of $133.81. The company has a market cap of $69.83 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36.
Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $2.05 EPS. Target’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts anticipate that Target will post 8.89 earnings per share for the current year.
Insider Activity
In related news, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew A. 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 transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by insiders.
Institutional Trading of Target
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Target in the second quarter worth $5,054,604,000. Bank of New York Mellon Corp bought a new stake in Target in the second quarter valued at $831,466,000. Dimensional Fund Advisors LP boosted its holdings in shares of Target by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after acquiring an additional 411,608 shares during the period. Bank of America Corp DE boosted its holdings in shares of Target by 1.8% during the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after acquiring an additional 82,268 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Target by 12.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock valued at $589,642,000 after acquiring an additional 514,155 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.
Target Company Profile
Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.
Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.
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