DA Davidson Cuts Target (NYSE:TGT) Price Target to $125.00

Target (NYSE:TGT) had its target price decreased by DA Davidson from $140.00 to $125.00 in a research note released on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the retailer’s stock. DA Davidson also issued estimates for Target’s Q2 2026 earnings at $2.53 EPS.

Several other brokerages have also commented on TGT. Telsey Advisory Group set a $110.00 price objective on Target and gave the company a “market perform” rating in a research report on Thursday. KGI Securities set a $132.00 price objective on Target in a research report on Wednesday, March 5th. The Goldman Sachs Group reduced their price objective on Target from $101.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup reiterated a “neutral” rating and set a $97.00 price objective (up from $95.00) on shares of Target in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company reduced their price objective on Target from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $117.97.

Target Stock Performance

NYSE:TGT opened at $94.30 on Thursday. The business’s 50-day moving average price is $97.28 and its two-hundred day moving average price is $119.97. Target has a twelve month low of $87.35 and a twelve month high of $167.40. The stock has a market cap of $42.85 billion, a P/E ratio of 10.00, a PEG ratio of 1.94 and a beta of 1.27. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $24.54 billion. During the same period in the previous year, the business earned $2.03 EPS. The business’s revenue was down 2.8% on a year-over-year basis. As a group, equities analysts predict that Target will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.75%. Target’s dividend payout ratio is currently 49.23%.

Institutional Investors Weigh In On Target

A number of large investors have recently made changes to their positions in the business. Horrell Capital Management Inc. grew its position in shares of Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after buying an additional 76 shares during the last quarter. Fiducient Advisors LLC grew its position in shares of Target by 4.6% in the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock worth $240,000 after buying an additional 78 shares during the last quarter. First PREMIER Bank grew its position in shares of Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after buying an additional 80 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock worth $2,513,000 after buying an additional 82 shares during the last quarter. Finally, Napatree Capital LLC grew its position in shares of Target by 2.4% in the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer’s stock worth $488,000 after buying an additional 85 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.