What is DA Davidson’s Forecast for Target FY2026 Earnings?

Target Corporation (NYSE:TGT) – Equities research analysts at DA Davidson cut their FY2026 earnings estimates for Target in a note issued to investors on Wednesday, November 12th. DA Davidson analyst M. Baker now anticipates that the retailer will post earnings per share of $7.32 for the year, down from their previous forecast of $7.61. DA Davidson has a “Buy” rating and a $108.00 price objective on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share. DA Davidson also issued estimates for Target’s FY2027 earnings at $7.64 EPS.

TGT has been the subject of a number of other reports. Royal Bank Of Canada raised their price target on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Wolfe Research began coverage on shares of Target in a report on Thursday, September 18th. They issued an “underperform” rating and a $80.00 target price for the company. Bank of America reiterated an “underperform” rating and set a $93.00 price target (down from $105.00) on shares of Target in a report on Friday, August 15th. Barclays reissued an “underweight” rating and issued a $91.00 price objective on shares of Target in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. dropped their target price on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $108.71.

Target Trading Down 0.1%

Shares of NYSE:TGT traded down $0.10 during trading on Friday, hitting $90.52. The company had a trading volume of 2,091,404 shares, compared to its average volume of 7,263,252. The stock has a market cap of $41.13 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The company has a fifty day simple moving average of $90.60 and a two-hundred day simple moving average of $96.25. Target has a one year low of $85.36 and a one year high of $158.42.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same period in the prior year, the company earned $2.57 EPS. The business’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is currently 53.15%.

Institutional Trading of Target

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares in the last quarter. Sigma Planning Corp boosted its position in Target by 4.7% during the 1st quarter. Sigma Planning Corp now owns 6,337 shares of the retailer’s stock valued at $661,000 after acquiring an additional 285 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Target by 5.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 12,815 shares of the retailer’s stock valued at $1,337,000 after acquiring an additional 610 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Target by 39.3% in the 1st quarter. Wealthfront Advisers LLC now owns 79,370 shares of the retailer’s stock valued at $8,283,000 after acquiring an additional 22,398 shares during the period. Finally, Bridgewater Advisors Inc. bought a new position in shares of Target in the 1st quarter worth $212,000. 79.73% of the stock is currently owned by institutional investors.

Target Company Profile

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.