Target (NYSE:TGT) Price Target Raised to $88.00

Target (NYSE:TGT) had its target price raised by BNP Paribas Exane from $63.00 to $88.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an underperform rating on the retailer’s stock.

A number of other equities research analysts have also recently issued reports on the company. UBS Group upped their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial boosted their target price on shares of Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on shares of Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Finally, BMO Capital Markets upped their price objective on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.76.

Target Price Performance

NYSE TGT opened at $120.56 on Wednesday. Target has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The stock’s 50-day moving average is $110.01 and its two-hundred day moving average is $98.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.27. The firm has a market cap of $54.59 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 5.25 and a beta of 1.12.

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

Target Dividend Announcement

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

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently modified their holdings of the business. Union Savings Bank acquired a new stake in shares of Target in the fourth quarter valued at about $134,000. Hsbc Holdings PLC raised its position in shares of Target by 5.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,735,323 shares of the retailer’s stock valued at $169,654,000 after buying an additional 85,585 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Target during the fourth quarter worth about $51,000. Bayban bought a new position in Target during the fourth quarter worth $1,038,000. Finally, SHP Wealth Management acquired a new stake in shares of Target in the 4th quarter worth about $75,000. 79.73% of the stock is owned by 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.