Telsey Advisory Group Reduces Earnings Estimates for Target

Target Co. (NYSE:TGT) – Equities researchers at Telsey Advisory Group dropped their FY2025 EPS estimates for Target in a note issued to investors on Wednesday, November 20th. Telsey Advisory Group analyst J. Feldman now forecasts that the retailer will post earnings per share of $8.70 for the year, down from their previous estimate of $9.70. 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. Telsey Advisory Group also issued estimates for Target’s Q4 2025 earnings at $2.25 EPS, Q1 2026 earnings at $1.97 EPS, Q2 2026 earnings at $2.58 EPS, Q3 2026 earnings at $2.13 EPS, FY2026 earnings at $9.40 EPS and FY2027 earnings at $10.34 EPS.

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

Several other equities research analysts have also recently weighed in on TGT. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and lowered their price objective for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. Bank of America lowered their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday. Evercore ISI cut their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday. Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Oppenheimer reduced their price target on Target from $200.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $162.13.

Target Price Performance

Target stock opened at $125.01 on Monday. Target has a one year low of $120.21 and a one year high of $181.86. The company has a market capitalization 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 business has a 50 day simple moving average of $151.27 and a 200 day simple moving average of $149.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.27.

Institutional Investors Weigh In On Target

Institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. lifted its position in Target by 5.6% in the third quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock valued at $257,000 after acquiring an additional 90 shares during the last quarter. Invst LLC increased its holdings in shares of Target by 2.4% in the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer’s stock valued at $1,833,000 after purchasing an additional 276 shares in the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Target during the 3rd quarter valued at approximately $326,000. Rehmann Capital Advisory Group raised its holdings in Target by 234.3% during the third quarter. Rehmann Capital Advisory Group now owns 7,237 shares of the retailer’s stock worth $1,159,000 after purchasing an additional 5,072 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Target by 4.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 8,140 shares of the retailer’s stock worth $1,269,000 after buying an additional 375 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This represents a 12.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value 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 represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,348 shares of company stock valued at $8,290,995. Company insiders own 0.15% of the company’s stock.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is currently 47.51%.

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.