Telsey Advisory Group Expects Reduced Earnings for Target

Target Co. (NYSE:TGT) – Research analysts at Telsey Advisory Group reduced their Q1 2026 EPS estimates for Target in a research note issued to investors on Wednesday, March 5th. Telsey Advisory Group analyst J. Feldman now expects that the retailer will post earnings of $1.79 per share for the quarter, down from their prior estimate of $1.98. Telsey Advisory Group currently has a “Outperform” rating and a $145.00 target price on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Telsey Advisory Group also issued estimates for Target’s Q3 2026 earnings at $2.16 EPS, Q4 2026 earnings at $2.77 EPS, FY2026 earnings at $9.30 EPS and FY2027 earnings at $10.14 EPS.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion.

Several other equities research analysts also recently issued reports on TGT. Bank of America lowered their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday. Jefferies Financial Group cut their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus dropped their price target on Target from $145.00 to $130.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Oppenheimer restated an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.23.

Target Trading Down 0.4 %

TGT opened at $116.70 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a fifty-two week low of $112.53 and a fifty-two week high of $181.86. The company has a market cap of $53.47 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The firm has a 50 day simple moving average of $132.91 and a 200 day simple moving average of $141.92.

Institutional Investors Weigh In On Target

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGT. Harbor Capital Advisors Inc. acquired a new position in Target in the third quarter valued at approximately $49,000. Impax Asset Management Group plc grew its stake in shares of Target by 8.6% during the third quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock worth $37,632,000 after purchasing an additional 19,095 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Target in the 3rd quarter valued at about $38,000. Central Bank & Trust Co. increased its stake in Target by 6.2% in the third quarter. Central Bank & Trust Co. now owns 2,283 shares of the retailer’s stock valued at $356,000 after purchasing an additional 134 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its stake in Target by 11.0% during the 3rd quarter. Crestwood Advisors Group LLC now owns 11,267 shares of the retailer’s stock worth $1,756,000 after acquiring an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were issued a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.84%. Target’s payout ratio is 50.56%.

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.