Robert W. Baird Issues Positive Forecast for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its price objective raised by investment analysts at Robert W. Baird from $125.00 to $135.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 9.84% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Bank of America started coverage on shares of Target in a research note on Friday, February 27th. They set an “underperform” rating and a $103.00 price target on the stock. Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $123.00 price target on shares of Target in a research note on Friday, May 15th. DA Davidson increased their price target on shares of Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $132.00 price target on shares of Target in a research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $121.71.

Target Stock Down 3.4%

TGT stock opened at $122.91 on Thursday. Target has a 12-month low of $83.44 and a 12-month high of $133.10. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market cap of $55.82 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 3.78 and a beta of 1.01. The company has a 50 day moving average of $122.25 and a two-hundred day moving average of $109.26.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.54% and a return on equity of 22.25%. The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target will post 8.06 earnings per share for the current fiscal year.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. Western Wealth Management LLC boosted its holdings in Target by 142.5% in the 1st quarter. Western Wealth Management LLC now owns 6,590 shares of the retailer’s stock valued at $799,000 after purchasing an additional 3,872 shares during the period. Edgestream Partners L.P. bought a new stake in Target in the 1st quarter valued at $455,000. Kentucky Retirement Systems boosted its holdings in Target by 82.9% in the 1st quarter. Kentucky Retirement Systems now owns 52,186 shares of the retailer’s stock valued at $6,325,000 after purchasing an additional 23,649 shares during the period. Janus Henderson Group PLC boosted its holdings in Target by 41.5% in the 1st quarter. Janus Henderson Group PLC now owns 61,449 shares of the retailer’s stock valued at $7,439,000 after purchasing an additional 18,036 shares during the period. Finally, Bull Harbor Capital LLC bought a new stake in Target in the 1st quarter valued at $1,060,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target News Summary

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target reported strong first-quarter results, with earnings per share of $1.71 and revenue of $25.44 billion, both ahead of estimates. Sales rose 6.7% year over year, traffic increased 4.4%, and digital and membership-related revenue also improved. Target Corporation Reports First Quarter Earnings
• Positive Sentiment: The company raised its full-year sales outlook, signaling that its turnaround strategy under CEO Michael Fiddelke is gaining traction and that shoppers are responding better to refreshed products, stores, and category investments. Reuters article
• Positive Sentiment: Management said Q1 results validate the refreshed strategy, with stronger traffic, improved comparable sales, and better performance across merchandise categories and channels. TGT Q1 Earnings Call Highlights Early Strategy Gains
• Neutral Sentiment: Target also named former Walmart executive Jeff England as its new supply chain and logistics chief, a move aimed at improving efficiency and execution as part of the broader turnaround. Reuters article
• Negative Sentiment: Despite the earnings beat, investors are worried about cost pressures, execution risk, and weaker consumer sentiment, which could limit how much of the turnaround translates into profit improvement this year. Motley Fool article
• Negative Sentiment: Freedom Capital downgraded Target from “strong-buy” to “hold,” adding to pressure on the stock and suggesting some analysts think much of the recent improvement is already reflected in the share price. Zacks.com

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.