Target (NYSE:TGT) Lowered to “Hold” Rating by Telsey Advisory Group

Telsey Advisory Group cut shares of Target (NYSE:TGT) from a strong-buy rating to a hold rating in a research note published on Wednesday morning, MarketBeat reports. Telsey Advisory Group also issued estimates for Target’s Q1 2026 earnings at $1.72 EPS, Q2 2026 earnings at $2.49 EPS, Q2 2026 earnings at $2.22 EPS, Q3 2026 earnings at $1.79 EPS, Q4 2026 earnings at $2.41 EPS, FY2026 earnings at $8.80 EPS, Q1 2027 earnings at $1.94 EPS, Q2 2027 earnings at $2.58 EPS, Q2 2027 earnings at $2.33 EPS, Q3 2027 earnings at $1.94 EPS, Q3 2027 earnings at $2.24 EPS, Q4 2027 earnings at $2.79 EPS, Q4 2027 earnings at $2.61 EPS and FY2027 earnings at $9.55 EPS.

Other analysts have also issued research reports about the stock. Truist Financial boosted their price target on shares of Target from $82.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday. Citigroup decreased their price objective on shares of Target from $97.00 to $94.00 and set a “neutral” rating for the company in a research note on Thursday. Mizuho dropped their target price on shares of Target from $92.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, KGI Securities set a $132.00 price target on Target in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.97.

Target Stock Up 2.2%

Shares of NYSE TGT opened at $95.05 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $43.19 billion, a PE ratio of 10.08, a P/E/G ratio of 1.94 and a beta of 1.27. The company’s fifty day simple moving average is $97.49 and its 200 day simple moving average is $120.55. Target has a 12-month low of $87.35 and a 12-month high of $167.40.

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

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.71%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is 50.56%.

Institutional Trading of Target

Several institutional investors and hedge funds have recently modified their holdings of the business. Hopwood Financial Services Inc. bought a new position in Target in the fourth quarter valued at $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Target during the fourth quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in Target in the 1st quarter worth $32,000. Raleigh Capital Management Inc. lifted its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC lifted its stake in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

About Target

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.