FY2027 EPS Estimates for Target Cut by Telsey Advisory Group

Target Co. (NYSE:TGT) – Analysts at Telsey Advisory Group dropped their FY2027 EPS estimates for shares of Target in a research report issued on Friday, January 17th. Telsey Advisory Group analyst J. Feldman now forecasts that the retailer will earn $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 target on the stock. The consensus estimate for Target’s current full-year earnings is $8.60 per share.

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

TGT has been the subject of several other reports. Bank of America dropped their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a report on Wednesday, November 20th. Oppenheimer reissued an “outperform” rating and issued a $165.00 target price on shares of Target in a research note on Monday, November 25th. JPMorgan Chase & Co. dropped their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $158.23.

Target Stock Performance

Shares of TGT opened at $133.62 on Monday. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $61.22 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The stock has a 50-day moving average price of $136.13 and a 200-day moving average price of $145.14.

Target Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hedges Asset Management LLC raised its holdings in Target by 78.5% in the fourth quarter. Hedges Asset Management LLC now owns 7,050 shares of the retailer’s stock worth $953,000 after purchasing an additional 3,100 shares in the last quarter. Secure Asset Management LLC grew its position in shares of Target by 13.7% in the 4th quarter. Secure Asset Management LLC now owns 13,663 shares of the retailer’s stock worth $1,847,000 after buying an additional 1,648 shares during the period. Avior Wealth Management LLC increased its stake in shares of Target by 8.9% in the 4th quarter. Avior Wealth Management LLC now owns 4,700 shares of the retailer’s stock worth $635,000 after acquiring an additional 384 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Finally, Mutual Advisors LLC boosted its stake in Target by 46.8% during the fourth quarter. Mutual Advisors LLC now owns 31,392 shares of the retailer’s stock worth $4,183,000 after acquiring an additional 10,006 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

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.