Shares of Target Corporation (NYSE:TGT – Get Free Report) have received an average recommendation of “Hold” from the thirty-two analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $140.00.
A number of analysts recently commented on the company. Sanford C. Bernstein upped their price objective on Target from $124.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. TD Cowen reissued a “hold” rating on shares of Target in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $123.00 price target on shares of Target in a research note on Friday, May 15th. Oppenheimer upped their price target on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price objective on shares of Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th.
Read Our Latest Analysis on Target
Target Trading Up 1.0%
Target (NYSE:TGT – Get Free Report) last announced 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. The business had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts expect that Target will post 8.39 earnings per share for the current year.
Target Increases Dividend
The firm 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 $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.0%. Target’s payout ratio is 61.29%.
Insiders Place Their Bets
In other news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction 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 owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.
Hedge Funds Weigh In On Target
Institutional investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. purchased a new stake in Target in the second quarter worth about $26,000. WFA of San Diego LLC purchased a new position in shares of Target during the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in shares of Target during the 4th quarter valued at approximately $26,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares during the period. 79.73% of the stock is owned by institutional investors.
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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