Target (NYSE:TGT) Price Target Raised to $170.00

Target (NYSE:TGT) had its target price increased by DA Davidson from $155.00 to $170.00 in a research report released on Monday morning, Marketbeat reports. The brokerage currently has a buy rating on the retailer’s stock.

TGT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $140.00 target price on shares of Target in a report on Friday, August 14th. Wolfe Research set a $169.00 price target on Target in a report on Monday, August 3rd. Truist Financial upped their price target on shares of Target from $130.00 to $147.00 and gave the stock a “hold” rating in a research report on Friday, August 14th. Bank of America reissued an “underperform” rating and set a $124.00 price objective (up from $110.00) on shares of Target in a report on Wednesday, August 12th. Finally, Roth Capital restated a “neutral” rating and issued a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $145.33.

Target Stock Performance

NYSE TGT opened at $159.11 on Monday. Target has a 1-year low of $83.44 and a 1-year high of $161.98. The company has a 50 day moving average of $139.71 and a 200-day moving average of $127.38. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The firm has a market cap of $72.27 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.47 and a beta of 0.97.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.15 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.Target’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts forecast that Target will post 8.43 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.9%. Target’s dividend payout ratio (DPR) is currently 61.29%.

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 stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Target

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Winning Points Advisors LLC bought a new stake in shares of Target in the fourth quarter worth about $611,000. Franklin Resources Inc. raised its position in shares of Target by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares during the period. Bogart Wealth LLC lifted 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 purchasing an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Target during the 1st quarter valued at about $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Target during the 4th quarter valued at about $27,470,000. Institutional investors own 79.73% of the company’s stock.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Q2 results exceeded expectations: Target reported $26.54 billion in sales, up 5.3% year over year and above the $26.13 billion consensus estimate. Reported EPS was $4.11 versus expectations of $2.35, while comparable sales rose 3.8% and comparable traffic increased 3.6%. Target Corporation Reports Second Quarter Earnings
• Positive Sentiment: Full-year guidance was raised: Target now expects fiscal 2026 EPS of $9.90 to $10.90, well above the previous outlook and the roughly $7.72 analyst consensus cited in the reports. Management also lifted its annual sales outlook, projecting approximately 5% growth. Target lifts annual forecasts again
• Positive Sentiment: Profitability received a major boost: A nearly $1 billion tariff refund materially benefited quarterly earnings, helping Target deliver a substantial EPS beat. Investors also welcomed signs that pricing actions, refreshed categories and digital initiatives are improving demand. Target rises on Q2 beat and outlook
• Positive Sentiment: Digital discovery is expanding: Target said traffic from artificial-intelligence platforms is growing, adding another potential source of online customer acquisition as overall digital and store traffic improve. Target touts AI-driven traffic growth

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.