What is DA Davidson’s Estimate for Target FY2025 Earnings?

Target Co. (NYSE:TGT) – Analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Target in a research note issued to investors on Monday, November 11th. DA Davidson analyst M. Baker now anticipates that the retailer will earn $9.53 per share for the year, down from their prior estimate of $9.70. The consensus estimate for Target’s current full-year earnings is $9.54 per share. DA Davidson also issued estimates for Target’s FY2026 earnings at $10.70 EPS.

Several other research firms also recently commented on TGT. Melius Research began coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective on the stock. UBS Group boosted their price objective on Target from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen raised their target price on shares of Target from $165.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, August 22nd. Bank of America upped their price target on shares of Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Evercore ISI cut their price target on shares of Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.47.

Target Price Performance

TGT stock opened at $153.46 on Wednesday. The firm has a market cap of $70.69 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.01 and a beta of 1.24. The firm’s fifty day moving average is $152.51 and its 200 day moving average is $150.52. Target has a 52 week low of $124.88 and a 52 week high of $181.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. Target’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 earnings per share.

Institutional Investors Weigh In On Target

Several large investors have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in shares of Target during the 2nd quarter valued at about $25,000. Slocum Gordon & Co LLP bought a new position in Target during the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC purchased a new stake in Target in the second quarter worth approximately $31,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in Target during the 3rd quarter valued at $36,000. 79.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares of the company’s stock, valued at $1,114,173.88. This trade represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,348 shares of company stock valued at $8,290,995. Insiders own 0.15% of the company’s stock.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 2.92%. Target’s dividend payout ratio is currently 46.28%.

Target Company Profile

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.