DA Davidson Weighs in on Target’s FY2026 Earnings (NYSE:TGT)

Target Corporation (NYSE:TGT) – Equities researchers at DA Davidson decreased their FY2026 earnings per share (EPS) estimates for Target in a note issued to investors on Thursday, November 20th. DA Davidson analyst M. Baker now forecasts that the retailer will earn $7.26 per share for the year, down from their prior estimate of $7.32. DA Davidson has a “Buy” rating and a $108.00 price target on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share. DA Davidson also issued estimates for Target’s Q4 2026 earnings at $2.13 EPS and FY2027 earnings at $7.60 EPS.

Several other brokerages have also weighed in on TGT. Royal Bank Of Canada lowered their target price on shares of Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Evercore ISI restated a “positive” rating and set a $100.00 price target on shares of Target in a research note on Thursday. Mizuho lowered their price target on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Cowen reaffirmed a “hold” rating on shares of Target in a research note on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.97.

Target Stock Up 4.6%

Shares of NYSE:TGT opened at $87.51 on Friday. The company has a market capitalization of $39.76 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.74 and a beta of 1.19. Target has a 12-month low of $83.44 and a 12-month high of $145.08. The business has a 50-day moving average price of $90.13 and a 200 day moving average price of $95.88. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $25.28 billion for the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS.

Institutional Trading of Target

A number of large investors have recently made changes to their positions in TGT. WFA of San Diego LLC purchased a new position in Target in the second quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its holdings in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. Kozak & Associates Inc. lifted its position in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of Target during the third quarter worth $27,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in Target in the second quarter valued at $29,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is 55.34%.

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.