Target (NYSE:TGT) Stock Gets Price Target Increase from JPMorgan Chase & Co.

Target (NYSE:TGT) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $157.00 to $163.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 2.05% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Evercore set a $165.00 target price on shares of Target in a research report on Tuesday, October 13th. Barclays increased their price target on shares of Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday, August 19th. Bank of America restated an “underperform” rating and set a $124.00 price objective (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a report on Thursday, August 20th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $142.00 price objective (up from $114.00) on shares of Target in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and a consensus price target of $161.70.

Target Price Performance

NYSE TGT traded up $8.00 during trading on Monday, reaching $166.41. The company’s stock had a trading volume of 2,971,862 shares, compared to its average volume of 5,038,451. The firm has a fifty day moving average of $156.41 and a 200 day moving average of $135.02. Target has a one year low of $83.44 and a one year high of $170.75. The stock has a market capitalization of $75.60 billion, a PE ratio of 17.28, a P/E/G ratio of 2.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36.

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

Insider Buying and Selling at Target

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the business’s 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 directly owned 56,981 shares of the company’s stock, valued at $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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