Target (NYSE:TGT – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
A number of other analysts have also recently commented on the stock. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Wolfe Research upgraded shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 target price for the company in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $123.00 price target on shares of Target in a research report on Friday, May 15th. DA Davidson raised their price objective on Target from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Evercore set a $130.00 target price on Target in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $130.64.
View Our Latest Stock Report on TGT
Target Stock Performance
Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts expect that Target will post 8.35 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.
Institutional Investors Weigh In On Target
A number of large investors have recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new stake in shares of Target during the 2nd quarter worth $25,000. Jessup Wealth Management Inc acquired a new position in Target during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Target in the 4th quarter valued at $26,000. Global Wealth Strategies & Associates raised its position in Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in Target during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 79.73% of the company’s stock.
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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