Target (NYSE:TGT) Stock Keeps Buy Rating at Guggenheim

Target (NYSE:TGT)‘s stock had its “buy” rating reaffirmed by equities researchers at Guggenheim in a note issued to investors on Thursday, Benzinga reports. They currently have a $175.00 price target on the retailer’s stock. Guggenheim‘s target price suggests a potential upside of 7.48% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Deutsche Bank set a $150.00 target price on Target and gave the stock a “hold” rating in a report on Thursday, August 20th. Truist Financial increased their price target on Target from $147.00 to $167.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. UBS Group boosted their price objective on Target from $166.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Robert W. Baird set a $170.00 price objective on Target in a research report on Thursday, August 20th. Finally, TD Cowen initiated coverage on Target in a research note on Friday, October 30th. They issued a “hold” rating and a $160.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $161.70.

Target Trading Up 0.6%

TGT stock opened at $162.83 on Thursday. The firm has a market cap of $73.97 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. The firm has a fifty day moving average price of $156.46 and a 200 day moving average price of $135.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. Target has a fifty-two week low of $83.44 and a fifty-two week high of $170.75.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts anticipate that Target will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Target

In other Target news, insider Melissa Kremer sold 15,500 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew Liegel sold 926 shares of Target stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TGT. BlackRock Inc. purchased a new position in Target in the second quarter valued at about $5,054,604,000. Bank of New York Mellon Corp purchased a new stake in Target during the 2nd quarter worth approximately $831,466,000. Jupiter Topco LLC purchased a new stake in Target during the 2nd quarter worth approximately $320,006,000. Deutsche Bank AG purchased a new stake in Target during the 2nd quarter worth approximately $224,238,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Target during the 2nd quarter valued at approximately $150,784,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Company Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands. The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States. The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.