Target (NYSE:TGT) Stock Rating Lowered by Telsey Advisory Group

Target (NYSE:TGT) was downgraded by equities research analysts at Telsey Advisory Group from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com 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 equities research analysts have also issued research reports about the stock. Roth Mkm reaffirmed a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. UBS Group lowered their price objective on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Evercore ISI reduced their target price on Target from $130.00 to $120.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Sanford C. Bernstein lowered Target from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $97.00 to $82.00 in a research report on Monday, May 12th. Finally, Truist Financial raised their target price on Target from $82.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $117.97.

Target Stock Performance

Shares of TGT stock opened at $95.05 on Wednesday. The company has a market capitalization of $43.19 billion, a P/E ratio of 10.08, a PEG ratio of 1.94 and a beta of 1.27. Target has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a 50 day moving average price of $97.49 and a two-hundred day moving average price of $120.55.

Target (NYSE:TGT) last announced its quarterly earnings results 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 firm had revenue of $24.20 billion during 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 was down 2.8% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. Analysts expect that Target will post 8.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TGT. Charles Schwab Investment Management Inc. grew its stake in shares of Target by 407.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after acquiring an additional 12,825,586 shares during the last quarter. Norges Bank acquired a new stake in shares of Target during the fourth quarter worth $757,892,000. Pacer Advisors Inc. grew its holdings in shares of Target by 1,364.3% during the first quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after buying an additional 3,065,035 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Target in the 4th quarter valued at $297,122,000. Finally, Nuveen LLC acquired a new position in shares of Target in the 1st quarter valued at $186,361,000. 79.73% of the stock is owned by institutional investors and hedge funds.

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.