Target’s (TGT) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Target (NYSE:TGT) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a $195.00 price objective on the retailer’s stock. Telsey Advisory Group also issued estimates for Target’s Q4 2026 earnings at $2.73 EPS.

A number of other brokerages also recently weighed in on TGT. Wells Fargo & Company lifted their price target on Target from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group lifted their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Stifel Nicolaus increased their price target on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Daiwa America upgraded shares of Target to a “strong-buy” rating in a report on Monday, August 26th. Finally, Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.13.

Target Trading Up 2.8 %

NYSE:TGT opened at $125.01 on Wednesday. The stock has a fifty day simple moving average of $151.27 and a 200 day simple moving average of $149.69. The firm has a market capitalization of $57.59 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. Target has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.18% and a return on equity of 33.10%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the company posted $2.10 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Target will post 9.55 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 46.28%.

Insider Transactions at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,348 shares of company stock worth $8,290,995. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Target

A number of hedge funds have recently bought and sold shares of TGT. Triad Wealth Partners LLC acquired a new position in shares of Target during the second quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new position in Target during the third quarter valued at about $28,000. Slocum Gordon & Co LLP acquired a new position in Target in the 2nd quarter valued at approximately $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $31,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

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.