Research Analysts’ Weekly Ratings Changes for Target (TGT)

A number of firms have modified their ratings and price targets on shares of Target (NYSE: TGT) recently:

• 1/28/2025 – Target had its price target raised by analysts at Sanford C. Bernstein from $139.00 to $142.00. They now have a “market perform” rating on the stock.
• 1/22/2025 – Target had its price target raised by analysts at Guggenheim from $145.00 to $155.00. They now have a “buy” rating on the stock.
• 1/17/2025 – Target had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $150.00 price target on the stock.
• 1/17/2025 – Target had its price target raised by analysts at Citigroup Inc. from $130.00 to $133.00. They now have a “neutral” rating on the stock.
• 1/17/2025 – Target had its price target raised by analysts at Truist Financial Co. from $129.00 to $134.00. They now have a “hold” rating on the stock.
• 1/17/2025 – Target was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/10/2024 – Target had its price target raised by analysts at Stifel Nicolaus from $137.00 to $145.00. They now have a “hold” rating on the stock.

Target Price Performance

Shares of TGT stock traded down $2.73 during trading hours on Monday, hitting $135.18. The company had a trading volume of 4,046,273 shares, compared to its average volume of 4,931,475. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm’s fifty day moving average is $134.80 and its 200 day moving average is $144.33. The firm has a market capitalization of $61.94 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last issued 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the company posted $2.10 earnings per share. Target’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Institutional Investors Weigh In On Target

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its position 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 worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC boosted its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after buying an additional 130,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after acquiring an additional 62,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Target by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after acquiring an additional 56,695 shares during the period. Institutional investors own 79.73% of the company’s stock.

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.