Target (NYSE:TGT) Price Target Raised to $160.00

Target (NYSE:TGT) had its price target increased by Citigroup from $148.00 to $160.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the retailer’s stock.

TGT has been the topic of several other reports. Roth Capital restated a “neutral” rating and set a $142.00 price objective on shares of Target in a research note on Thursday. Evercore set a $170.00 target price on shares of Target in a research note on Thursday. The Goldman Sachs Group lifted their price target on Target from $127.00 to $161.00 and gave the stock a “neutral” rating in a report on Thursday. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $124.00 price objective (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $159.52.

Target Price Performance

NYSE:TGT opened at $165.35 on Thursday. Target has a 1-year low of $83.44 and a 1-year high of $165.48. The company has a current ratio of 0.99, a quick ratio of 0.30 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $140.82 and a 200 day simple moving average of $128.01. The stock has a market capitalization of $75.10 billion, a PE ratio of 17.17, a P/E/G ratio of 2.43 and a beta of 0.97.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts expect that Target will post 8.84 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 48.18%.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Target

Several hedge funds have recently bought and sold shares of the stock. Kimelman & Baird LLC acquired a new position in shares of Target in the second quarter valued at approximately $26,000. Richardson Financial Services Inc. acquired a new stake in Target during the 2nd quarter worth approximately $26,000. Archer Investment Corp acquired a new stake in Target during the 2nd quarter worth approximately $30,000. WFA of San Diego LLC bought a new stake in Target in the 2nd quarter valued at $25,000. Finally, Jessup Wealth Management Inc bought a new stake in Target in the 4th quarter valued at $25,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

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.