Target (NYSE:TGT) Price Target Raised to $108.00

Target (NYSE:TGT) had its price target hoisted by Barclays from $91.00 to $108.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an underweight rating on the retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley boosted their price objective on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday. Robert W. Baird reduced their price objective on Target from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Target in a research note on Thursday, December 18th. Citigroup boosted their price objective on Target from $89.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft set a $108.00 price target on Target in a report on Thursday, January 8th. Eleven research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $115.76.

Target Trading Up 0.2%

NYSE:TGT opened at $120.56 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.27. Target has a 1 year low of $83.44 and a 1 year high of $126.00. The company has a market cap of $54.59 billion, a P/E ratio of 14.83, a P/E/G ratio of 5.25 and a beta of 1.12. The stock’s fifty day moving average price is $110.01 and its two-hundred day moving average price is $98.32.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The business had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter in the prior year, the firm posted $2.41 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts expect that Target will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Wednesday, February 11th were given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, February 11th. Target’s dividend payout ratio (DPR) is currently 56.09%.

Institutional Trading of Target

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after acquiring an additional 6,607,982 shares in the last quarter. Norges Bank purchased a new position in Target in the 4th quarter valued at about $587,903,000. TOMS Capital Investment Management LP acquired a new stake in Target in the 4th quarter worth about $257,571,000. AQR Capital Management LLC increased its stake in Target by 243.8% during the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after buying an additional 2,035,298 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Target by 6,639.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock valued at $186,992,000 after acquiring an additional 1,884,577 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

About Target

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.