Zacks Research Has Bearish Forecast for Target Q2 Earnings

Target Co. (NYSE:TGT) – Equities researchers at Zacks Research reduced their Q2 2026 earnings estimates for shares of Target in a research note issued on Tuesday, March 18th. Zacks Research analyst S. Singh now expects that the retailer will post earnings of $2.54 per share for the quarter, down from their previous estimate of $2.60. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Zacks Research also issued estimates for Target’s Q3 2026 earnings at $2.18 EPS, FY2026 earnings at $9.14 EPS, Q2 2027 earnings at $2.68 EPS, Q3 2027 earnings at $2.33 EPS, FY2027 earnings at $9.80 EPS and FY2028 earnings at $10.25 EPS.

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

TGT has been the subject of several other reports. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. Evercore ISI decreased their target price on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research note on Wednesday, March 5th. DA Davidson lowered their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Bank of America cut their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.55.

Target Stock Performance

NYSE TGT opened at $104.29 on Thursday. Target has a fifty-two week low of $101.76 and a fifty-two week 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 has a market capitalization of $47.51 billion, a P/E ratio of 11.06, a PEG ratio of 1.94 and a beta of 1.18. The stock has a 50-day simple moving average of $125.89 and a two-hundred day simple moving average of $138.13.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. Target’s payout ratio is 50.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the third quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in Target in the 4th quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the 4th quarter worth $29,000. MCF Advisors LLC increased its stake in shares of Target by 175.3% in the 4th 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 holdings in shares of Target by 110.7% during the 4th 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 period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.