Target (NYSE:TGT) Updates FY 2026 Earnings Guidance

Target (NYSE:TGT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.500-8.500 for the period, compared to the consensus earnings per share estimate of 7.720. The company issued revenue guidance of $108.5 billion-$109.5 billion, compared to the consensus revenue estimate of $106.4 billion.

Target Stock Performance

NYSE:TGT opened at $122.91 on Thursday. The business has a 50 day moving average of $122.25 and a 200 day moving average of $109.26. The company has a market capitalization of $55.82 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 3.78 and a beta of 1.01. Target has a 1-year low of $83.44 and a 1-year high of $133.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts predict that Target will post 8.06 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is 56.09%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research note on Wednesday, March 4th. BMO Capital Markets lifted their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 4th. Truist Financial set a $130.00 price target on Target in a research note on Wednesday. Morgan Stanley lifted their price target on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Finally, Telsey Advisory Group lifted their price target on Target from $145.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $120.18.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target reported strong first-quarter results, with earnings per share of $1.71 and revenue of $25.44 billion, both ahead of estimates. Sales rose 6.7% year over year, traffic increased 4.4%, and digital and membership-related revenue also improved. Target Corporation Reports First Quarter Earnings
• Positive Sentiment: The company raised its full-year sales outlook, signaling that its turnaround strategy under CEO Michael Fiddelke is gaining traction and that shoppers are responding better to refreshed products, stores, and category investments. Reuters article
• Positive Sentiment: Management said Q1 results validate the refreshed strategy, with stronger traffic, improved comparable sales, and better performance across merchandise categories and channels. TGT Q1 Earnings Call Highlights Early Strategy Gains
• Neutral Sentiment: Target also named former Walmart executive Jeff England as its new supply chain and logistics chief, a move aimed at improving efficiency and execution as part of the broader turnaround. Reuters article
• Negative Sentiment: Despite the earnings beat, investors are worried about cost pressures, execution risk, and weaker consumer sentiment, which could limit how much of the turnaround translates into profit improvement this year. Motley Fool article
• Negative Sentiment: Freedom Capital downgraded Target from “strong-buy” to “hold,” adding to pressure on the stock and suggesting some analysts think much of the recent improvement is already reflected in the share price. Zacks.com

Hedge Funds Weigh In On Target

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares in the last quarter. DV Equities LLC bought a new stake in shares of Target during the fourth quarter valued at approximately $62,000. Quarry LP boosted its position in shares of Target by 105.2% during the fourth quarter. Quarry LP now owns 548 shares of the retailer’s stock valued at $54,000 after purchasing an additional 281 shares in the last quarter. Wilkerson Advisory Group LLC bought a new stake in shares of Target during the fourth quarter valued at approximately $41,000. Finally, Ankerstar Wealth LLC bought a new stake in shares of Target during the fourth quarter valued at approximately $43,000. 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.