Telsey Advisory Group Lowers Earnings Estimates for Target

Target Co. (NYSE:TGT) – Analysts at Telsey Advisory Group reduced their Q4 2026 earnings per share (EPS) estimates for Target in a research report issued to clients and investors on Wednesday, November 20th. Telsey Advisory Group analyst J. Feldman now forecasts that the retailer will post earnings of $2.73 per share for the quarter, down from their previous forecast of $3.07. Telsey Advisory Group has a “Outperform” rating and a $195.00 price objective on the stock. The consensus estimate for Target’s current full-year earnings is $9.55 per share.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. Target’s revenue was up .9% on a year-over-year basis.

A number of other equities research analysts have also weighed in on the company. StockNews.com lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday. Roth Mkm decreased their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Stifel Nicolaus decreased their target price on Target from $165.00 to $137.00 and set a “hold” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.13.

Target Price Performance

Shares of TGT stock opened at $121.66 on Friday. Target has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a market capitalization of $56.05 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.03 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The stock’s 50-day simple moving average is $151.79 and its 200-day simple moving average is $149.92.

Hedge Funds Weigh In On Target

Several hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. lifted its stake in Target by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock worth $257,000 after acquiring an additional 90 shares in the last quarter. Invst LLC lifted its stake in Target by 2.4% during the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer’s stock worth $1,833,000 after acquiring an additional 276 shares in the last quarter. Soltis Investment Advisors LLC acquired a new position in Target during the 3rd quarter worth about $326,000. Rehmann Capital Advisory Group lifted its stake in Target by 234.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 7,237 shares of the retailer’s stock worth $1,159,000 after acquiring an additional 5,072 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Target by 4.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,140 shares of the retailer’s stock worth $1,269,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last three months. 0.15% of the stock is owned by corporate insiders.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.68%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is currently 46.28%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.