Target (NYSE:TGT) Price Target Raised to $112.00

Target (NYSE:TGT) had its price target raised by The Goldman Sachs Group from $91.00 to $112.00 in a report published on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the retailer’s stock.

Several other research analysts also recently weighed in on TGT. Citigroup upped their target price on shares of Target from $89.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Oppenheimer raised their target price on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Telsey Advisory Group upgraded Target from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $110.00 to $145.00 in a research note on Wednesday. UBS Group raised their price target on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen dropped their target price on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Eleven analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.76.

Target Stock Performance

Shares of NYSE:TGT opened at $120.56 on Wednesday. The business has a 50-day moving average of $110.01 and a two-hundred day moving average of $98.32. The firm has a market capitalization of $54.59 billion, a PE ratio of 14.83, a P/E/G ratio of 5.25 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.27. Target has a 12 month low of $83.44 and a 12 month high of $126.00.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the company earned $2.41 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts forecast that Target will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Wednesday, February 11th were issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, February 11th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Institutional Trading of Target

A number of hedge funds have recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in Target during the second quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target during the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in Target in the 4th quarter valued at approximately $26,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Target during the 3rd quarter valued at $27,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

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.