Target (NYSE:TGT) Price Target Raised to $163.00

Target (NYSE:TGT) had its target price boosted by JPMorgan Chase & Co. from $157.00 to $163.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the retailer’s stock.

Several other equities research analysts also recently issued reports on the stock. BNP Paribas Exane boosted their price objective on shares of Target from $92.00 to $128.00 and gave the stock an “underperform” rating in a research note on Thursday, August 20th. TD Cowen began coverage on shares of Target in a research note on Friday, October 30th. They issued a “hold” rating and a $160.00 target price on the stock. KeyCorp reissued a “sector weight” rating on shares of Target in a research note on Thursday, August 20th. Telsey Advisory Group lifted their target price on shares of Target from $170.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Finally, Oppenheimer raised shares of Target from a “hold” rating to a “buy” rating and upped their price target for the stock from $125.00 to $190.00 in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $161.70.

Target Stock Performance

Shares of NYSE:TGT opened at $162.83 on Monday. The business has a 50-day moving average of $156.46 and a two-hundred day moving average of $135.87. The firm has a market capitalization of $73.97 billion, a PE ratio of 16.91, a P/E/G ratio of 2.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. Target has a 12 month low of $83.44 and a 12 month high of $170.75.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the company posted $2.05 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts forecast that Target will post 8.91 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is currently 48.18%.

Insider Buying and Selling

In other Target news, insider Melissa K. Kremer sold 15,500 shares of Target 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 transaction, the insider owned 56,981 shares of the company’s stock, valued at $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew A. Liegel sold 926 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mayflower Financial Advisors LLC lifted its holdings in Target by 3.9% in the third quarter. Mayflower Financial Advisors LLC now owns 2,840 shares of the retailer’s stock worth $445,000 after acquiring an additional 106 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Target in the third quarter valued at approximately $8,415,000. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Target by 66.1% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 7,942 shares of the retailer’s stock valued at $1,244,000 after purchasing an additional 3,161 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Target by 13.8% during the third quarter. GW&K Investment Management LLC now owns 627 shares of the retailer’s stock valued at $98,000 after purchasing an additional 76 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew its holdings in shares of Target by 82.1% during the third quarter. Private Wealth Asset Management LLC now owns 21,614 shares of the retailer’s stock valued at $3,424,000 after purchasing an additional 9,747 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

About Target

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands. The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States. The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.