What is DA Davidson’s Forecast for Target FY2026 Earnings?

Target Co. (NYSE:TGT) – Investment analysts at DA Davidson decreased their FY2026 earnings per share (EPS) estimates for Target in a research report issued on Wednesday, March 5th. DA Davidson analyst M. Baker now anticipates that the retailer will post earnings per share of $9.31 for the year, down from their prior forecast of $9.91. DA Davidson currently has a “Buy” rating and a $140.00 price target on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Other equities analysts also recently issued reports about the company. Sanford C. Bernstein increased their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Truist Financial reduced their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. KGI Securities upgraded Target to a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.00.

Target Stock Performance

NYSE TGT opened at $115.11 on Friday. The business’s 50-day moving average price is $132.05 and its 200 day moving average price is $141.51. Target has a twelve month low of $112.10 and a twelve month high of $181.86. The company has a market capitalization of $52.74 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion.

Institutional Investors Weigh In On Target

A number of hedge funds have recently bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Target during the 4th quarter valued at approximately $29,000. Bernard Wealth Management Corp. acquired a new stake in Target during the 4th quarter valued at approximately $29,000. MCF Advisors LLC grew its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.89%. Target’s dividend payout ratio (DPR) is presently 50.56%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.