DA Davidson Forecasts Target’s FY2025 Earnings (NYSE:TGT)

Target Co. (NYSE:TGT) – Research analysts at DA Davidson reduced their FY2025 EPS estimates for Target in a research note issued to investors on Thursday, November 21st. DA Davidson analyst M. Baker now expects that the retailer will post earnings of $8.64 per share for the year, down from their prior estimate of $9.53. The consensus estimate for Target’s current full-year earnings is $9.58 per share. DA Davidson also issued estimates for Target’s FY2026 earnings at $9.87 EPS.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 EPS.

Several other research firms have also recently commented on TGT. Stifel Nicolaus cut their target price on shares of Target from $165.00 to $137.00 and set a “hold” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Jefferies Financial Group increased their target price on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Piper Sandler lowered their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Evercore ISI reduced their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Moderate Buy” and an average target price of $162.13.

Target Stock Up 2.8 %

Shares of TGT stock opened at $125.01 on Monday. Target has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $57.59 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The stock has a 50 day moving average of $151.27 and a 200-day moving average of $149.54.

Institutional Trading of Target

Hedge funds and other institutional investors have recently modified their holdings of the stock. Triad Wealth Partners LLC acquired a new stake in shares of Target in the 2nd quarter valued at $25,000. Slocum Gordon & Co LLP acquired a new stake in Target in the second quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter worth about $28,000. Hobbs Group Advisors LLC bought a new position in shares of Target in the 2nd quarter valued at about $31,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

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

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 3.58%. Target’s dividend payout ratio is 47.51%.

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.