Zacks Research Comments on Target’s Q1 Earnings (NYSE:TGT)

Target Corporation (NYSE:TGT) – Analysts at Zacks Research decreased their Q1 2027 earnings per share estimates for Target in a research report issued on Friday, March 13th. Zacks Research analyst Team now expects that the retailer will post earnings of $1.31 per share for the quarter, down from their previous forecast of $1.48. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Zacks Research also issued estimates for Target’s Q2 2027 earnings at $2.18 EPS, Q3 2027 earnings at $1.89 EPS, FY2027 earnings at $7.98 EPS, Q1 2028 earnings at $1.44 EPS, Q2 2028 earnings at $2.32 EPS, Q3 2028 earnings at $2.00 EPS, FY2028 earnings at $8.50 EPS and FY2029 earnings at $9.15 EPS.

A number of other equities analysts have also weighed in on the stock. Roth Mkm set a $88.00 target price on shares of Target in a research report on Thursday, November 20th. Mizuho set a $120.00 price target on shares of Target in a report on Thursday, March 5th. JPMorgan Chase & Co. increased their price objective on shares of Target from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Barclays raised their price objective on Target from $91.00 to $108.00 and gave the company an “underweight” rating in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company lifted their target price on Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Eleven 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 data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $116.45.

Target Trading Down 0.2%

Shares of TGT opened at $117.11 on Monday. The firm has a market cap of $53.03 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 5.02 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 0.36. Target has a 1 year low of $83.44 and a 1 year high of $126.00. The company has a 50 day simple moving average of $112.33 and a two-hundred day simple moving average of $99.15.

Target (NYSE:TGT) last released its 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. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter last year, the business posted $2.41 earnings per share. The firm’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.

Institutional Trading of Target

A number of large investors have recently made changes to their positions in the business. WFA of San Diego LLC purchased a new stake in Target during the second quarter valued at approximately $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target in the 4th quarter worth approximately $26,000. Global Wealth Strategies & Associates increased its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Target during the 3rd quarter valued at approximately $27,000. 79.73% of the stock is currently owned by institutional investors.

Target Announces Dividend

The firm also recently disclosed 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 dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

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.