What is Zacks Research’s Estimate for Target Q1 Earnings?

Target Corporation (NYSE:TGT) – Equities research analysts at Zacks Research upped their Q1 2028 earnings estimates for shares of Target in a research note issued on Wednesday, June 3rd. Zacks Research analyst Team now expects that the retailer will earn $1.78 per share for the quarter, up from their prior estimate of $1.44. The consensus estimate for Target’s current full-year earnings is $8.35 per share. Zacks Research also issued estimates for Target’s Q1 2029 earnings at $1.91 EPS.

Several other research firms have also recently issued reports on TGT. UBS Group raised their price target on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $124.00 price target on shares of Target in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 price target on shares of Target in a research note on Friday, May 15th. Finally, BMO Capital Markets raised their price target on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.93.

Target Price Performance

Shares of NYSE TGT opened at $124.02 on Friday. The stock has a market cap of $56.33 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.44 and a beta of 1.00. Target has a 52 week low of $83.44 and a 52 week high of $133.10. The company’s 50-day moving average price is $124.31 and its 200 day moving average price is $111.94. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS.

Target Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a $1.14 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. Target’s dividend payout ratio (DPR) is currently 60.24%.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TGT. WFA of San Diego LLC purchased a new position in Target in the second quarter valued at approximately $25,000. Jessup Wealth Management Inc purchased a new position in Target in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Target in the fourth quarter valued at approximately $26,000. Global Wealth Strategies & Associates raised its holdings in Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in Target in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Trending Headlines about Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for Target across multiple periods, including FY2027, FY2028, and FY2029, signaling improved longer-term profit expectations.
• Positive Sentiment: The most notable upgrade was for FY2027, where estimates increased to $8.38 per share from $7.98, slightly above the current consensus of $8.35, suggesting analysts now see upside to near-term earnings.
• Positive Sentiment: Target’s Q1 2028 and Q1 2029 EPS forecasts were also lifted, reinforcing a more constructive outlook on future operating performance.
• Neutral Sentiment: Some estimates were only nudged higher or lower by small amounts, such as Q4 2027 being trimmed slightly to $2.56 and Q4 2028 being reduced to $2.71, indicating the changes are incremental rather than a major outlook shift.

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.