Target (NYSE:TGT) Price Target Raised to $166.00 at UBS Group

Target (NYSE:TGT) had its target price increased by equities researchers at UBS Group from $144.00 to $166.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. UBS Group’s price target points to a potential upside of 12.54% from the company’s previous close.

A number of other research analysts also recently commented on the stock. DA Davidson upped their price objective on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Telsey Advisory Group boosted their target price on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Zacks Research raised shares of Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Freedom Capital downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a report on Thursday, June 11th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $135.85.

Target Trading Down 0.1%

Shares of TGT stock traded down $0.20 during mid-day trading on Thursday, hitting $147.50. 1,099,742 shares of the company’s stock were exchanged, compared to its average volume of 5,456,866. Target has a fifty-two week low of $83.44 and a fifty-two week high of $150.07. The stock has a 50-day simple moving average of $134.19 and a two-hundred day simple moving average of $124.12. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The stock has a market cap of $66.99 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.90 and a beta of 0.97.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts expect that Target will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction 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 completion of the sale, the insider owned 45,930 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TGT. Winning Points Advisors LLC acquired a new position in Target in the 4th quarter valued at approximately $611,000. Franklin Resources Inc. boosted its stake in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after buying an additional 142,937 shares during the period. Bogart Wealth LLC grew its holdings in shares of Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after acquiring an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Target in the first quarter worth $6,686,000. Finally, Oak Thistle LLC acquired a new position in Target in the 4th quarter worth about $1,149,000. 79.73% of the stock is owned by institutional investors and hedge funds.

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.