Q3 EPS Estimates for Target Cut by Telsey Advisory Group

Target Corporation (NYSE:TGT) – Analysts at Telsey Advisory Group lowered their Q3 2026 earnings per share (EPS) estimates for shares of Target in a research report issued to clients and investors on Wednesday, August 20th. Telsey Advisory Group analyst J. Feldman now expects that the retailer will post earnings per share of $1.76 for the quarter, down from their previous forecast of $1.79. Telsey Advisory Group currently has a “Market Perform” rating and a $110.00 price target on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Telsey Advisory Group also issued estimates for Target’s Q4 2026 earnings at $2.37 EPS, FY2026 earnings at $7.48 EPS, Q2 2027 earnings at $2.21 EPS, Q3 2027 earnings at $1.87 EPS, Q4 2027 earnings at $2.51 EPS and FY2027 earnings at $8.12 EPS.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Barclays reaffirmed an “underweight” rating and issued a $91.00 price target on shares of Target in a research report on Monday, July 21st. Truist Financial raised their price target on shares of Target from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. DA Davidson dropped their price target on shares of Target from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $113.55.

Target Price Performance

TGT stock opened at $97.0770 on Friday. The stock has a market capitalization of $44.11 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. The company’s 50-day moving average is $101.99 and its 200-day moving average is $104.11. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.25. Target has a 1 year low of $87.35 and a 1 year high of $161.84.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the business posted $2.57 EPS. The business’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

Institutional Investors Weigh In On Target

Several large investors have recently modified their holdings of the stock. Monarch Capital Management Inc. increased its stake in shares of Target by 2.6% during the 2nd quarter. Monarch Capital Management Inc. now owns 14,610 shares of the retailer’s stock worth $1,441,000 after purchasing an additional 375 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Target during the 2nd quarter valued at approximately $682,000. Marex Group plc purchased a new stake in shares of Target during the 2nd quarter valued at approximately $1,598,000. Advisory Services Network LLC lifted its stake in shares of Target by 17.1% during the 2nd quarter. Advisory Services Network LLC now owns 21,771 shares of the retailer’s stock valued at $2,188,000 after buying an additional 3,179 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Target by 16,257.1% during the 2nd quarter. State of Wyoming now owns 1,145 shares of the retailer’s stock valued at $113,000 after buying an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the sale, the insider owned 246,453 shares in the company, valued at $23,703,849.54. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, August 13th. Target’s dividend payout ratio is presently 50.11%.

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.