Telsey Advisory Group Forecasts Weaker Earnings for Target

Target Co. (NYSE:TGT) – Stock analysts at Telsey Advisory Group decreased their Q4 2026 earnings estimates for shares of 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 earn $2.73 per share for the quarter, down from their previous estimate of $3.07. Telsey Advisory Group has a “Outperform” rating and a $195.00 price target on the stock. The consensus estimate for Target’s current full-year earnings is $9.58 per share.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm 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 quarter in the previous year, the business posted $2.10 earnings per share.

Several other equities analysts have also commented on the stock. Piper Sandler decreased their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday. Bank of America decreased their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday. Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday. Finally, Jefferies Financial Group raised their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.13.

Target Price Performance

TGT stock opened at $125.01 on Friday. Target has a 52-week low of $120.21 and a 52-week high of $181.86. The business has a fifty day moving average of $151.27 and a two-hundred day moving average of $149.61. The stock has a market cap of $57.59 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Hedge Funds Weigh In On Target

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

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of 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 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,348 shares of company stock valued at $8,290,995. Corporate insiders own 0.15% of the company’s stock.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s 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.