Wall Street Zen upgraded shares of Target (NYSE:TGT – Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday,Wall Street Zen reports.
A number of other research firms also recently weighed in on TGT. UBS Group upped their target price on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Piper Sandler boosted their price target on Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Telsey Advisory Group upped their price target on Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. DA Davidson lifted their price objective on Target from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their target price on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $159.52.
Check Out Our Latest Research Report on Target
Target Trading Down 0.2%
Target (NYSE:TGT – Get Free Report) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the firm earned $2.05 earnings per share. 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 forecast that Target will post 8.85 EPS for the current year.
Target Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were given a $1.16 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. Target’s payout ratio is 48.18%.
Insider Buying and Selling at Target
In related news, CAO Matthew Liegel sold 926 shares of the business’s stock in a transaction that occurred on 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 approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melissa Kremer sold 15,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares of the company’s stock, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. 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
Several institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the period. Woodline Partners LP boosted its stake in shares of Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares during the period. NewEdge Advisors LLC lifted its stake in Target by 22.8% in the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after purchasing an additional 12,948 shares during the last quarter. Sei Investments Co. boosted its position in shares of Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after buying an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after buying an additional 27,063 shares during the last quarter. 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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