Target Corporation (NYSE:TGT) Stock Has Consensus Price Target of $159.33

Target Corporation (NYSE:TGT) has been assigned an average rating of “Hold” from the thirty-one brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $159.33.

TGT has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on Target from $161.00 to $177.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Oppenheimer boosted their price objective on Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on Target in a research note on Thursday, August 20th. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, August 20th. Finally, Evercore set a $165.00 price target on shares of Target in a report on Tuesday, October 13th.

Target Price Performance

Shares of TGT stock opened at $147.94 on Friday. The firm has a 50-day moving average of $157.43 and a 200-day moving average of $133.13. The company has a market cap of $67.21 billion, a P/E ratio of 15.36 and a beta of 0.98. Target has a one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Target will post 8.89 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 3.1%. Target’s dividend payout ratio (DPR) is presently 48.18%.

Insider Buying and Selling

In other Target news, CAO Matthew Liegel sold 926 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction on Monday, August 24th. The shares were 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 in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Target

Several large investors have recently added to or reduced their stakes in TGT. BOKF NA lifted its holdings in Target by 15.7% during the third quarter. BOKF NA now owns 59,974 shares of the retailer’s stock valued at $9,397,000 after purchasing an additional 8,123 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of Target in the third quarter worth about $847,000. North Star Investment Management Corp. grew its stake in Target by 0.5% in the 3rd quarter. North Star Investment Management Corp. now owns 34,859 shares of the retailer’s stock valued at $5,462,000 after buying an additional 163 shares in the last quarter. Stockman Wealth Management Inc. grew its stake in Target by 8.7% in the 3rd quarter. Stockman Wealth Management Inc. now owns 1,753 shares of the retailer’s stock valued at $275,000 after buying an additional 141 shares in the last quarter. Finally, Convergence Financial LLC raised its holdings in Target by 365.8% during the 3rd quarter. Convergence Financial LLC now owns 11,124 shares of the retailer’s stock valued at $1,743,000 after acquiring an additional 8,736 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Company Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.