Target (NYSE:TGT) Price Target Raised to $205.00

Target (NYSE:TGT) had its price target hoisted by equities researchers at UBS Group from $185.00 to $205.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. UBS Group‘s target price would suggest a potential upside of 26.57% from the company’s previous close.

TGT has been the subject of several other research reports. BNP Paribas Exane increased their price objective on Target from $92.00 to $128.00 and gave the company an “underperform” rating in a report on Thursday, August 20th. Truist Financial boosted their target price on shares of Target from $147.00 to $167.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Deutsche Bank set a $150.00 target price on shares of Target and gave the stock a “hold” rating in a report on Thursday, August 20th. Guggenheim reaffirmed a “buy” rating and set a $175.00 price target on shares of Target in a research report on Thursday. Finally, Robert W. Baird set a $170.00 price target on shares of Target in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $162.37.

Target Stock Down 0.4%

TGT traded down $0.73 on Thursday, hitting $161.97. 388,487 shares of the company were exchanged, compared to its average volume of 5,013,250. The stock’s fifty day moving average is $156.46 and its 200-day moving average is $135.87. Target has a 12 month low of $83.44 and a 12 month high of $170.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The company has a market cap of $73.58 billion, a PE ratio of 16.81, a PEG ratio of 2.88 and a beta of 0.94.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts predict that Target will post 8.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 926 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Target

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Washington Trust Advisors Inc. raised its holdings in Target by 28.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer’s stock valued at $46,000 after acquiring an additional 65 shares during the period. Joseph Group Capital Management lifted its position in Target by 30.7% during the third quarter. Joseph Group Capital Management now owns 277 shares of the retailer’s stock worth $43,000 after acquiring an additional 65 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in shares of Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after acquiring an additional 68 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Target by 3.5% during the third quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock worth $341,000 after acquiring an additional 73 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC grew its position in shares of Target by 2.1% in the third quarter. Allegiance Financial Group Advisory Services LLC now owns 3,744 shares of the retailer’s stock valued at $587,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

About Target

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands. The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States. The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.