Target (NYSE:TGT) Given New $148.00 Price Target at Telsey Advisory Group

Target (NYSE:TGT) had its target price lifted by Telsey Advisory Group from $145.00 to $148.00 in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the retailer’s stock.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company increased their target price on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday. Evercore set a $125.00 target price on Target in a research note on Tuesday, April 21st. KeyCorp reissued a “sector weight” rating on shares of Target in a research note on Wednesday, March 4th. UBS Group increased their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Piper Sandler increased their target price on Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $119.75.

Target Stock Down 1.4%

Shares of NYSE TGT opened at $121.40 on Friday. The stock has a market cap of $55.14 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 3.66 and a beta of 1.01. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target has a 52-week low of $83.44 and a 52-week high of $133.10. The business has a 50-day moving average price of $122.00 and a 200 day moving average price of $108.56.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts forecast that Target will post 8.04 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 2,053 shares of the firm’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 value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Target

Several hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in Target by 55.9% in the 1st quarter. Lazard Asset Management LLC now owns 504,125 shares of the retailer’s stock valued at $61,100,000 after purchasing an additional 180,682 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings in Target by 80.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 5,435 shares of the retailer’s stock valued at $659,000 after buying an additional 2,421 shares during the last quarter. Everest Financial Group LLC acquired a new stake in Target during the 1st quarter valued at $1,004,000. OMERS ADMINISTRATION Corp grew its holdings in Target by 29.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 21,444 shares of the retailer’s stock valued at $2,599,000 after buying an additional 4,826 shares during the last quarter. Finally, Callodine Capital Management LP grew its holdings in Target by 39.8% during the 1st quarter. Callodine Capital Management LP now owns 176,142 shares of the retailer’s stock valued at $21,348,000 after buying an additional 50,142 shares during the last quarter. 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.