Target (NYSE:TGT) Updates Q1 2026 Earnings Guidance

Target (NYSE:TGT) issued an update on its first quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.300- for the period, compared to the consensus estimate of 1.890. The company issued revenue guidance of -. Target also updated its FY 2026 guidance to 7.500-8.500 EPS.

Target Price Performance

TGT opened at $113.20 on Tuesday. The company’s 50-day simple moving average is $108.10 and its two-hundred day simple moving average is $97.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The stock has a market capitalization of $51.26 billion, a P/E ratio of 13.74 and a beta of 1.14. Target has a 52-week low of $83.44 and a 52-week high of $127.06.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts predict that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th were paid a dividend of $1.14 per share. The ex-dividend date was Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 4.0%. Target’s payout ratio is currently 55.34%.

Analyst Upgrades and Downgrades

Several analysts recently commented on TGT shares. Robert W. Baird cut their price objective on Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Citigroup raised their target price on Target from $89.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. DA Davidson set a $120.00 price target on Target in a research note on Monday, January 12th. Bank of America assumed coverage on shares of Target in a research note on Friday. They issued an “underperform” rating and a $103.00 price objective on the stock. Finally, Piper Sandler raised their price objective on shares of Target from $85.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $107.66.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Q4 EPS beat expectations — Target reported $2.44 EPS vs. $2.16 expected, and highlighted a 3.58% net margin and 22.7% ROE, which supports near-term earnings confidence. Read More.
• Positive Sentiment: Company pointed to category-level wins — Food & Beverage, Beauty and Toys grew in Q4, and Essentials/Home showed improvement versus Q3, suggesting pockets of durable momentum. Read More.
• Neutral Sentiment: Investor day/webcast and guidance shaped expectations — management presented a turnaround plan at the investor meeting, which investors are parsing for credibility and timing of results. Read More.
• Neutral Sentiment: Q4 net sales were in line with the company’s expectations ($30.5B), limiting upside from top-line surprises even as margins and EPS beat. Read More.
• Negative Sentiment: Annual sales declined (~1.7%), continuing multi-year top-line stagnation that keeps pressure on long-term growth expectations. Read More.
• Negative Sentiment: Investor pushback and activist-like criticism of management tactics raise governance and execution risk as Target executes its turnaround under a new CEO. Read More.
• Negative Sentiment: Analyst stance remains mixed to cautious — Bank of America flagged an underperform view and some shops show neutral ratings or price targets below current levels, which can weigh on near-term sentiment. Read More.

Hedge Funds Weigh In On Target

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in Target during the 4th quarter valued at approximately $62,000. SWAN Capital LLC increased its stake in Target by 287.4% in the 3rd quarter. SWAN Capital LLC now owns 674 shares of the retailer’s stock worth $60,000 after acquiring an additional 500 shares during the last quarter. Quarry LP raised its holdings in shares of Target by 105.2% during the 4th quarter. Quarry LP now owns 548 shares of the retailer’s stock worth $54,000 after acquiring an additional 281 shares in the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Target by 37.4% during the 4th quarter. GW&K Investment Management LLC now owns 540 shares of the retailer’s stock worth $53,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other 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.