Target (NYSE:TGT) Issues FY 2026 Earnings Guidance

Target (NYSE:TGT) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 7.500-8.500 for the period, compared to the consensus EPS estimate of 7.720. The company issued revenue guidance of $108.5 billion-$109.5 billion, compared to the consensus revenue estimate of $106.4 billion.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TGT. BMO Capital Markets lifted their price objective on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Mizuho set a $120.00 price objective on Target in a research report on Thursday, March 5th. UBS Group lifted their price objective on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Piper Sandler lifted their price objective on Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $124.11.

Target Stock Performance

TGT stock opened at $126.01 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $122.36 and a 200-day moving average price of $109.49. The firm has a market cap of $57.23 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 3.55 and a beta of 1.01. Target has a 1-year low of $83.44 and a 1-year high of $133.10.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The company 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 firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts expect that Target will post 8.25 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. Target’s dividend payout ratio (DPR) is currently 56.09%.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Trending Headlines about Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target reported a strong first quarter, with EPS of $1.71 beating estimates and revenue of $25.44 billion also topping forecasts; comparable sales rose and management lifted full-year sales guidance, reinforcing the view that its turnaround strategy is gaining traction.
• Positive Sentiment: Analysts turned more constructive after the report, with DA Davidson raising its price target to $155 and Telsey Advisory Group lifting its target to $150, both implying meaningful upside from current levels.
• Positive Sentiment: Additional commentary highlighted improving traffic, stronger digital and membership revenue, and early strategy gains, which may support expectations for better execution over the rest of the year.
• Neutral Sentiment: Several firms raised price targets but kept neutral ratings, suggesting the earnings beat was solid but not yet enough to eliminate caution around valuation and near-term upside.
• Negative Sentiment: Not all updates were positive: Freedom Capital downgraded Target to hold, and some commentary warned that cost pressures, execution risk, and softer consumer sentiment could limit how quickly the turnaround translates into sustained profit growth.

Institutional Trading of Target

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the last quarter. State of Wyoming acquired a new position in Target during the 4th quarter valued at about $74,000. Mcguire Capital Advisors Inc. acquired a new position in Target during the 4th quarter valued at about $67,000. DV Equities LLC acquired a new position in Target during the 4th quarter valued at about $62,000. Finally, Birchwood Financial Partners Inc. acquired a new position in Target during the 4th quarter valued at about $62,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.