What is Roth Capital’s Estimate for Target Q3 Earnings?

Target Co. (NYSE:TGT) – Analysts at Roth Capital raised their Q3 2026 earnings per share (EPS) estimates for shares of Target in a report released on Wednesday, March 5th. Roth Capital analyst W. Kirk now anticipates that the retailer will post earnings per share of $2.06 for the quarter, up from their previous forecast of $1.99. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Other equities analysts have also recently issued reports about the company. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Evercore ISI decreased their price objective on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday. Roth Mkm reissued a “neutral” rating and set a $122.00 price objective (down from $131.00) on shares of Target in a report on Wednesday. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $147.00.

Target Stock Performance

NYSE:TGT opened at $115.11 on Friday. The stock has a market cap of $52.74 billion, a P/E ratio of 12.21, a PEG ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target has a twelve month low of $112.10 and a twelve month high of $181.86. The business’s 50-day moving average price is $132.05 and its two-hundred day moving average price is $141.49.

Target (NYSE:TGT) last released its quarterly earnings results 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 firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. Norges Bank purchased a new position in shares of Target in the 4th quarter valued at approximately $757,892,000. State Street Corp lifted its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Target in the 4th quarter valued at approximately $297,122,000. Ameriprise Financial Inc. lifted its stake in shares of Target by 61.2% in the 4th quarter. Ameriprise Financial Inc. now owns 3,968,037 shares of the retailer’s stock valued at $536,407,000 after purchasing an additional 1,506,275 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were given a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. Target’s dividend payout ratio is currently 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.