Telsey Advisory Group Expects Lower Earnings for Target

Target Co. (NYSE:TGT) – Research analysts at Telsey Advisory Group lowered their FY2027 earnings 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 of $10.19 per share for the year, down from their prior estimate 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 $8.62 per share.

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

Several other equities research analysts also recently commented on TGT. Citigroup boosted their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Bank of America dropped their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus increased their target price on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $158.23.

Target Stock Up 2.7 %

Shares of Target stock opened at $137.28 on Monday. Target has a 1 year low of $120.21 and a 1 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 has a 50-day moving average of $135.74 and a 200 day moving average of $145.07. The firm has a market cap of $62.90 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.16.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TGT. Thrivent Financial for Lutherans boosted 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 valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Target by 8.6% during 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 raised its holdings in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares during the period. Leibman Financial Services Inc. purchased a new stake in shares of Target in the fourth quarter valued at approximately $2,272,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Target in the 3rd quarter valued at $967,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Announces Dividend

The firm also recently declared 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. This represents a $4.48 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 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.