Target (NYSE:TGT) Stock Rating Upgraded by Zacks Research

Target (NYSE:TGT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Truist Financial raised their price target on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $123.00 target price on shares of Target in a research note on Friday, May 15th. Wells Fargo & Company boosted their target price on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their price target on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $130.64.

Target Stock Down 0.6%

Shares of NYSE TGT opened at $134.01 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The company has a market cap of $60.87 billion, a P/E ratio of 17.70, a PEG ratio of 2.63 and a beta of 0.98. Target has a 1 year low of $83.44 and a 1 year high of $142.82. The firm has a 50-day simple moving average of $128.61 and a two-hundred day simple moving average of $119.71.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts anticipate that Target will post 8.35 earnings per share for the current year.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Target

A number of large investors have recently bought and sold shares of TGT. Vanguard Group Inc. lifted its holdings in Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares during the period. State Street Corp increased its holdings in shares of Target by 0.3% in the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after acquiring an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after acquiring an additional 561,898 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after acquiring an additional 142,937 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Target in the 4th quarter worth $587,903,000. Institutional investors own 79.73% of the company’s stock.

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.