DA Davidson Has Negative Outlook for Target FY2025 Earnings

Target Co. (NYSE:TGT) – Investment analysts at DA Davidson lowered their FY2025 earnings per share estimates for Target in a note issued to investors on Thursday, November 21st. DA Davidson analyst M. Baker now anticipates that the retailer will post earnings per share of $8.64 for the year, down from their prior forecast of $9.53. The consensus estimate for Target’s current full-year earnings is $9.58 per share. DA Davidson also issued estimates for Target’s FY2026 earnings at $9.87 EPS.

A number of other brokerages have also commented on TGT. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price target on shares of Target in a report on Wednesday, November 20th. Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a research report on Monday, August 26th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and reduced their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, BMO Capital Markets lowered their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.13.

Target Price Performance

Shares of NYSE TGT opened at $125.01 on Monday. The company has a fifty day moving average price of $151.27 and a 200 day moving average price of $149.54. The firm has a market cap of $57.59 billion, a PE ratio of 13.26, a PEG ratio of 1.57 and a beta of 1.24. The company has a current ratio of 0.94, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target has a 1-year low of $120.21 and a 1-year high of $181.86.

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

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is presently 47.51%.

Insider Activity

In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the transaction, the insider now owns 303,843 shares in the company, valued at $48,210,768.81. This represents a 12.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at approximately $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,348 shares of company stock valued at $8,290,995. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cynosure Group LLC increased its position in Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares in the last quarter. Financial Advocates Investment Management increased its holdings in shares of Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares in the last quarter. Hancock Whitney Corp lifted its stake in shares of Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares during the last quarter. Beacon Capital Management LLC lifted its stake in shares of Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after acquiring an additional 69 shares during the last quarter. Finally, Integral Investment Advisors Inc. boosted its holdings in shares of Target by 5.3% during the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock valued at $203,000 after acquiring an additional 69 shares in the last quarter. 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.