DA Davidson Brokers Decrease Earnings Estimates for Target

Target Co. (NYSE:TGT) – Investment analysts at DA Davidson cut their FY2026 earnings estimates for shares of Target in a research report issued on Wednesday, March 5th. DA Davidson analyst M. Baker now forecasts that the retailer will post earnings per share of $9.31 for the year, down from their previous forecast of $9.91. DA Davidson has a “Buy” rating and a $140.00 price target on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%.

Several other analysts have also issued reports on the stock. Truist Financial decreased their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Oppenheimer decreased their price target on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $147.00.

Target Stock Performance

Shares of TGT opened at $115.11 on Friday. The company has a market capitalization of $52.74 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target has a one year low of $112.10 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company’s fifty day moving average price is $132.05 and its 200 day moving average price is $141.49.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders 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 yield of 3.89%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Hedge Funds Weigh In On Target

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Target in the third quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the fourth quarter worth about $29,000. Bernard Wealth Management Corp. bought a new position in shares of Target in the fourth quarter worth about $29,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.