Target (NYSE:TGT) Price Target Raised to $205.00

Target (NYSE:TGT) had its price target increased by research analysts at UBS Group from $185.00 to $205.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. UBS Group‘s target price would suggest a potential upside of 26.57% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Bank of America reaffirmed an “underperform” rating and issued a $124.00 target price (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Wolfe Research set a $169.00 price objective on shares of Target in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $150.00 target price (up from $145.00) on shares of Target in a report on Thursday, August 20th. Weiss Ratings upgraded shares of Target from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Argus increased their price target on Target from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $162.37.

Target Price Performance

Target stock traded down $0.73 during trading hours on Thursday, hitting $161.97. 388,487 shares of the stock were exchanged, compared to its average volume of 5,013,250. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The stock has a market capitalization of $73.58 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.88 and a beta of 0.94. Target has a 12 month low of $83.44 and a 12 month high of $170.75. The business’s 50-day moving average is $156.46 and its two-hundred day moving average is $135.87.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. Target’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts expect that Target will post 8.91 EPS for the current fiscal year.

Insider Activity at Target

In other news, insider Melissa Kremer sold 15,500 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares of the company’s stock, valued at $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew Liegel sold 926 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was 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 in the company, 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 owned by corporate insiders.

Hedge Funds Weigh In On Target

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Target during the second quarter worth about $5,054,604,000. Bank of New York Mellon Corp acquired a new stake in Target in the 2nd quarter valued at approximately $831,466,000. Dimensional Fund Advisors LP lifted its stake in Target by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after acquiring an additional 411,608 shares in the last quarter. Bank of America Corp DE lifted its stake in Target by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after acquiring an additional 82,268 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Target by 12.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock worth $589,642,000 after acquiring an additional 514,155 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Company Profile

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.