UBS Group Forecasts Strong Price Appreciation for Target (NYSE:TGT) Stock

Target (NYSE:TGT) had its target price hoisted by analysts at UBS Group from $144.00 to $166.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. UBS Group’s price objective points to a potential upside of 12.54% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Truist Financial boosted their price objective on Target from $123.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $123.00 price target on shares of Target in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Telsey Advisory Group increased their target price on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $135.85.

Target Stock Performance

NYSE TGT traded down $0.20 during trading hours on Thursday, hitting $147.50. The company had a trading volume of 1,099,742 shares, compared to its average volume of 5,456,866. The business has a 50 day moving average of $134.19 and a 200-day moving average of $124.12. The company has a market cap of $66.99 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.90 and a beta of 0.97. Target has a 1-year low of $83.44 and a 1-year high of $150.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts expect that Target will post 8.32 EPS for the current year.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Target

Institutional investors and hedge funds have recently bought and sold shares of the stock. WFA of San Diego LLC acquired a new position in shares of Target in the second quarter worth $25,000. Jessup Wealth Management Inc purchased a new stake in Target during the 4th quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Target during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new position in Target in the 4th quarter valued at about $30,000. Finally, MidFirst Bank purchased a new position in Target in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

About Target

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.