Target (NYSE:TGT) Given New $157.00 Price Target at JPMorgan Chase & Co.

Target (NYSE:TGT) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $129.00 to $157.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.01% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Telsey Advisory Group increased their price objective on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Jefferies Financial Group upped their target price on shares of Target from $140.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Wolfe Research set a $169.00 price objective on Target in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $123.00 price objective on shares of Target in a research note on Friday, May 15th. Finally, UBS Group boosted their target price on Target from $144.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $136.89.

Target Price Performance

NYSE:TGT traded up $1.01 during trading hours on Friday, reaching $148.09. The stock had a trading volume of 905,405 shares, compared to its average volume of 5,435,463. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target has a 52 week low of $83.44 and a 52 week high of $150.07. The company has a 50 day moving average price of $134.57 and a two-hundred day moving average price of $124.37. The stock has a market capitalization of $67.26 billion, a PE ratio of 19.58, a PEG ratio of 2.90 and a beta of 0.97.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the prior year, the company earned $1.30 EPS. The company’s quarterly 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. As a group, sell-side analysts anticipate that Target will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Target

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares in the last quarter. Woodline Partners LP boosted its position in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after acquiring an additional 11,047 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after acquiring an additional 12,948 shares during the period. Sei Investments Co. increased its holdings in shares of Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after acquiring an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Target by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after acquiring an additional 27,063 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

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.