DA Davidson Brokers Decrease Earnings Estimates for Target

Target Corporation (NYSE:TGT) – Investment analysts at DA Davidson reduced their Q3 2026 earnings per share estimates for Target in a report released on Wednesday, November 12th. DA Davidson analyst M. Baker now expects that the retailer will earn $1.77 per share for the quarter, down from their previous estimate of $1.85. DA Davidson currently has a “Buy” rating and a $108.00 target price on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the firm earned $2.57 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

Several other equities research analysts have also recently commented on the company. Wolfe Research assumed coverage on Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price for the company. Barclays restated an “underweight” rating and set a $91.00 price target on shares of Target in a report on Monday, July 21st. Bank of America reiterated an “underperform” rating and issued a $93.00 price objective (down previously from $105.00) on shares of Target in a research note on Friday, August 15th. Truist Financial cut their target price on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Finally, BTIG Research initiated coverage on shares of Target in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $108.71.

Target Trading Up 0.0%

Target stock traded up $0.03 during trading hours on Thursday, reaching $91.94. 2,197,218 shares of the company’s stock were exchanged, compared to its average volume of 7,268,277. The firm’s 50 day simple moving average is $90.64 and its 200 day simple moving average is $96.29. Target has a twelve month low of $85.36 and a twelve month high of $158.42. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $41.78 billion, a PE ratio of 10.68, a PEG ratio of 2.74 and a beta of 1.19.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is currently 53.15%.

Institutional Trading of Target

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WFA of San Diego LLC purchased a new position in Target during the 2nd quarter worth $25,000. Kozak & Associates Inc. boosted its holdings in Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target in the 2nd quarter valued at about $29,000. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Target during the 3rd quarter worth approximately $27,000. 79.73% of the stock is owned by institutional investors.

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.