Telsey Advisory Group Reaffirms Outperform Rating for Target (NYSE:TGT)

Telsey Advisory Group reiterated their outperform rating on shares of Target (NYSE:TGT) in a research report sent to investors on Wednesday, Marketbeat 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.

Several other research firms have also weighed in on TGT. StockNews.com lowered shares of Target from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company upped their price objective on shares of Target from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Stifel Nicolaus lifted their target price on shares of Target from $147.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. Daiwa America upgraded Target to a “strong-buy” rating in a research report on Monday, August 26th. Finally, UBS Group boosted their price objective on Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.13.

Target Stock Up 2.8 %

Shares of TGT opened at $125.01 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $151.27 and a two-hundred day moving average price of $149.69. The stock has a market cap of $57.59 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 2.03 and a beta of 1.24. Target has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last posted its 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 return on equity of 33.10% and a net margin of 4.18%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the business earned $2.10 EPS. Target’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts predict that Target will post 9.55 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced 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 currently 46.28%.

Insider Activity

In other news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This trade represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were 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 of the company’s stock, valued at approximately $48,210,768.81. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock valued at $8,290,995 in the last ninety days. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGT. TAP Consulting LLC acquired a new position in shares of Target in the 3rd quarter valued at approximately $2,403,000. Olstein Capital Management L.P. lifted its stake in Target by 8.7% in the third quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock valued at $7,793,000 after buying an additional 4,000 shares in the last quarter. Smead Capital Management Inc. boosted its holdings in shares of Target by 3.4% in the third quarter. Smead Capital Management Inc. now owns 1,243,928 shares of the retailer’s stock valued at $193,879,000 after buying an additional 41,394 shares during the period. Janus Henderson Group PLC increased its position in shares of Target by 20.5% during the first quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock worth $38,484,000 after acquiring an additional 36,941 shares in the last quarter. Finally, Eagle Rock Investment Company LLC raised its holdings in shares of Target by 166.3% during the third quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock worth $2,522,000 after acquiring an additional 10,103 shares during the period. 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.