What is DA Davidson’s Forecast for Target FY2025 Earnings?

Target Co. (NYSE:TGT) – Research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Target in a note issued to investors on Monday, November 11th. DA Davidson analyst M. Baker now anticipates that the retailer will earn $9.53 per share for the year, down from their previous forecast of $9.70. The consensus estimate for Target’s current full-year earnings is $9.54 per share. DA Davidson also issued estimates for Target’s FY2026 earnings at $10.70 EPS.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.39. The company had revenue of $25.02 billion during the quarter, compared to analysts’ expectations of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.80 EPS.

A number of other equities analysts have also recently weighed in on the company. Daiwa America upgraded Target to a “strong-buy” rating in a report on Monday, August 26th. Sanford C. Bernstein initiated coverage on Target in a report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target for the company. Roth Mkm increased their price target on Target from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Melius Research initiated coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price target for the company. Finally, Truist Financial increased their price target on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.47.

Target Stock Down 0.4 %

Shares of NYSE:TGT opened at $154.99 on Wednesday. The stock has a market cap of $71.40 billion, a P/E ratio of 16.01, a PEG ratio of 2.01 and a beta of 1.24. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. Target has a 52-week low of $108.08 and a 52-week high of $181.86. The business has a fifty day moving average of $152.46 and a two-hundred day moving average of $150.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Target by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after acquiring an additional 279,656 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Target by 11.4% in the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after acquiring an additional 440,307 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Target by 17.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock worth $558,898,000 after acquiring an additional 470,647 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Target by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock worth $461,031,000 after acquiring an additional 435,229 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Target news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the firm’s 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 transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock valued at $8,290,995 in the last ninety days. Insiders own 0.15% of the company’s stock.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is 46.28%.

Target Company Profile

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.