Telsey Advisory Group Lowers Earnings Estimates for Target

Target Co. (NYSE:TGT) – Investment analysts at Telsey Advisory Group decreased their FY2025 earnings per share estimates for shares of Target in a research note issued to investors on Wednesday, November 20th. Telsey Advisory Group analyst J. Feldman now anticipates that the retailer will post earnings of $8.70 per share for the year, down from their previous estimate of $9.70. Telsey Advisory Group has a “Outperform” rating and a $195.00 price objective on the stock. The consensus estimate for Target’s current full-year earnings is $8.60 per share. Telsey Advisory Group also issued estimates for Target’s Q4 2025 earnings at $2.25 EPS, Q1 2026 earnings at $1.97 EPS, Q2 2026 earnings at $2.58 EPS, Q3 2026 earnings at $2.13 EPS, FY2026 earnings at $9.40 EPS and FY2027 earnings at $10.34 EPS.

Target (NYSE:TGT) last released its 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 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 period last year, the business earned $2.10 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Target in a research note on Monday. Royal Bank of Canada upped their target price on shares of Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and dropped their price target for the company from $188.00 to $130.00 in a research report on Wednesday, November 20th. Evercore ISI decreased their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $160.30.

Target Price Performance

Target stock opened at $126.55 on Monday. 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 50-day moving average price of $150.31 and a 200 day moving average price of $149.05. Target has a 12-month low of $120.21 and a 12-month high of $181.86. The stock has a market cap of $58.30 billion, a P/E ratio of 13.42, a PEG ratio of 2.05 and a beta of 1.24.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a dividend yield of 3.54%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of Target

A number of institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC raised its stake in shares of Target by 7.7% during the 1st quarter. SVB Wealth LLC now owns 11,040 shares of the retailer’s stock worth $1,956,000 after buying an additional 785 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Target in the first quarter valued at about $2,127,000. Janus Henderson Group PLC grew its position in shares of Target by 20.5% in the first quarter. Janus Henderson Group PLC now owns 217,214 shares of the retailer’s stock valued at $38,484,000 after purchasing an additional 36,941 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its stake in shares of Target by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,583 shares of the retailer’s stock worth $458,000 after purchasing an additional 109 shares in the last quarter. Finally, Whalerock Point Partners LLC raised its position in shares of Target by 2.1% during the 1st quarter. Whalerock Point Partners LLC now owns 24,215 shares of the retailer’s stock worth $4,291,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other 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.