Telsey Advisory Group Comments on Target FY2027 Earnings

Target Co. (NYSE:TGT) – Telsey Advisory Group decreased their FY2027 earnings per share (EPS) estimates for shares of Target in a report released on Friday, January 17th. Telsey Advisory Group analyst J. Feldman now anticipates that the retailer will post earnings per share of $10.19 for the year, down from their previous forecast of $10.34. Telsey Advisory Group has a “Outperform” rating and a $150.00 price objective on the stock. The consensus estimate for Target’s current full-year earnings is $8.60 per share.

Several other research firms have also recently commented on TGT. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a research note on Monday, November 25th. Melius Research started coverage on shares of Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target for the company. Finally, Truist Financial increased their price target on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $158.23.

Target Stock Up 0.3 %

TGT opened at $133.62 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target has a one year low of $120.21 and a one year high of $181.86. The firm has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The company has a fifty day moving average price of $136.13 and a 200-day moving average price of $145.15.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the firm posted $2.10 EPS. Target’s revenue was up .9% on a year-over-year basis.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.35%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Institutional Investors Weigh In On Target

Large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its holdings in Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares during the period. D.A. Davidson & CO. raised its position in shares of Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares in the last quarter. Prana Capital Management LP lifted its stake in shares of Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares during the period. Leibman Financial Services Inc. bought a new stake in shares of Target during the fourth quarter valued at approximately $2,272,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Target in the third quarter worth $967,000. Institutional investors own 79.73% of the company’s stock.

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.