Target (NYSE:TGT) Price Target Raised to $160.00

Target (NYSE:TGT) had its price target increased by TD Cowen from $155.00 to $160.00 in a research report sent to investors on Thursday,Benzinga reports. TD Cowen currently has a hold rating on the retailer’s stock.

TGT has been the topic of a number of other reports. Robert W. Baird set a $170.00 target price on shares of Target in a research report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and issued a $154.00 price target on shares of Target in a report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Target from $166.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets upped their price objective on Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Roth Capital reiterated a “neutral” rating and issued a $142.00 price objective on shares of Target in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $159.52.

Target Stock Performance

Target stock opened at $165.35 on Thursday. The stock has a 50-day simple moving average of $140.82 and a 200 day simple moving average of $128.01. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target has a 12-month low of $83.44 and a 12-month high of $165.48. The stock has a market capitalization of $75.10 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.43 and a beta of 0.97.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts anticipate that Target will post 8.84 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. Target’s payout ratio is 48.18%.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Target

A number of institutional investors have recently bought and sold shares of the business. Kimelman & Baird LLC bought a new stake in shares of Target during the 2nd quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in shares of Target in the 2nd quarter worth $26,000. Archer Investment Corp bought a new position in shares of Target in the 2nd quarter worth $30,000. WFA of San Diego LLC acquired a new stake in shares of Target during the second quarter worth $25,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Target during the fourth quarter worth $25,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target News Summary

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.