Target (NYSE:TGT) Price Target Raised to $130.00

Target (NYSE:TGT) had its price target lifted by Guggenheim from $125.00 to $130.00 in a report published on Wednesday,Benzinga reports. Guggenheim currently has a buy rating on the retailer’s stock.

TGT has been the subject of several other reports. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. upped their target price on shares of Target from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and issued a $125.00 price target on shares of Target in a report on Thursday, January 15th. Wolfe Research raised Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Finally, Truist Financial raised their price objective on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.76.

Target Price Performance

NYSE TGT opened at $120.56 on Wednesday. Target has a twelve month low of $83.44 and a twelve month high of $126.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.94. The stock has a market capitalization of $54.59 billion, a PE ratio of 14.83, a P/E/G ratio of 5.25 and a beta of 1.12. The stock has a 50-day simple moving average of $110.01 and a 200 day simple moving average of $98.32.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Research analysts anticipate that Target will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Wednesday, February 11th were paid a $1.14 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. Target’s payout ratio is presently 56.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGT. Crawford Investment Counsel Inc. grew its stake in shares of Target by 0.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares during the period. Valtinson Bruner Financial Planning LLC lifted its position in shares of Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after buying an additional 92 shares during the period. Auxano Advisors LLC boosted its stake in Target by 3.0% in the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after buying an additional 93 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in Target by 32.3% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after buying an additional 98 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after acquiring an additional 100 shares during the period. Institutional investors own 79.73% of the company’s stock.

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.