Target (NYSE:TGT – Get Free Report) had its target price raised by analysts at Telsey Advisory Group from $145.00 to $148.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 20.28% from the stock’s current price.
A number of other brokerages have also recently weighed in on TGT. Bank of America initiated coverage on Target in a research report on Friday, February 27th. They issued an “underperform” rating and a $103.00 price target on the stock. DA Davidson lifted their price objective on Target from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 9th. Evercore set a $125.00 target price on shares of Target in a report on Tuesday, April 21st. BNP Paribas Exane increased their target price on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Finally, Guggenheim lifted their price target on shares of Target from $130.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 20th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $118.82.
Check Out Our Latest Report on Target
Target Stock Performance
Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter last year, the company earned $2.41 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts forecast that Target will post 8.02 earnings per share for the current fiscal year.
Insider Buying and Selling at Target
In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.
Hedge Funds Weigh In On Target
A number of institutional investors have recently modified their holdings of the stock. WFA of San Diego LLC acquired a new stake in shares of Target in the second quarter valued at approximately $25,000. Jessup Wealth Management Inc bought a new position in Target in the 4th quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target in the 4th quarter valued at $26,000. Global Wealth Strategies & Associates increased its stake in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Target during the fourth quarter worth $30,000. 79.73% of the stock is owned by institutional investors.
Target Company Profile
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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