Target (NYSE:TGT) Price Target Raised to $170.00

Target (NYSE:TGT) had its price target hoisted by stock analysts at DA Davidson from $155.00 to $170.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. DA Davidson’s price target indicates a potential upside of 10.86% from the stock’s previous close.

Several other brokerages have also issued reports on TGT. Oppenheimer lifted their price target on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Royal Bank Of Canada increased their price objective on shares of Target from $153.00 to $166.00 and gave the company an “outperform” rating in a research note on Wednesday. Argus set a $150.00 target price on shares of Target in a research report on Friday, May 22nd. Roth Capital reaffirmed a “neutral” rating and set a $114.00 target price on shares of Target in a research note on Friday, May 22nd. Finally, Evercore set a $150.00 price objective on Target in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.85.

Target Price Performance

NYSE:TGT traded down $1.14 during trading hours on Monday, hitting $153.34. The company’s stock had a trading volume of 860,263 shares, compared to its average volume of 5,378,885. The stock has a fifty day simple moving average of $138.02 and a 200-day simple moving average of $126.29. The company has a market capitalization of $69.65 billion, a P/E ratio of 20.25, a PEG ratio of 2.51 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target has a twelve month low of $83.44 and a twelve month high of $156.47.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts anticipate that Target will post 8.4 EPS for the current fiscal year.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Target during the 2nd quarter worth about $5,054,604,000. Bank of New York Mellon Corp bought a new stake in shares of Target in the 2nd quarter valued at about $831,466,000. Norges Bank bought a new stake in shares of Target in the 4th quarter valued at about $587,903,000. TOMS Capital Investment Management LP acquired a new stake in shares of Target in the fourth quarter valued at about $257,571,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Target in the second quarter valued at about $320,006,000. 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.