Target (NYSE:TGT) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

Target (NYSE:TGT) had its target price boosted by stock analysts at Sanford C. Bernstein from $124.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the retailer’s stock. Sanford C. Bernstein’s target price suggests a potential downside of 6.61% from the company’s previous close.

TGT has been the topic of several other reports. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a report on Friday, June 12th. Wolfe Research raised shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective for the company in a report on Tuesday, June 23rd. DA Davidson increased their target price on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Guggenheim lifted their price target on Target from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Roth Capital reiterated a “neutral” rating and set a $114.00 price objective on shares of Target in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $133.48.

Target Stock Performance

Shares of TGT traded up $0.04 during mid-day trading on Friday, hitting $144.55. The stock had a trading volume of 3,301,333 shares, compared to its average volume of 5,505,207. Target has a 52 week low of $83.44 and a 52 week high of $147.77. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The business has a fifty day moving average price of $132.49 and a 200-day moving average price of $123.03. The firm has a market cap of $65.65 billion, a P/E ratio of 19.10, a PEG ratio of 2.85 and a beta of 0.98.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.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 company earned $1.30 EPS. The firm’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. On average, equities research analysts expect that Target will post 8.35 EPS for the current year.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’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 sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Target

Several hedge funds have recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in Target in the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Target in the 4th quarter worth approximately $26,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after acquiring an additional 194 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake in shares of Target by 134.9% in the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock valued at $36,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

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.