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

Target Co. (NYSE:TGT) – DA Davidson reduced their FY2025 earnings per share estimates for Target in a research note issued on Thursday, November 21st. DA Davidson analyst M. Baker now expects that the retailer will post earnings per share of $8.64 for the year, down from their prior forecast of $9.53. The consensus estimate for Target’s current full-year earnings is $8.60 per share. DA Davidson also issued estimates for Target’s FY2026 earnings at $9.87 EPS.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the business posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis.

A number of other research firms have also recently commented on TGT. StockNews.com cut Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday. Citigroup cut shares of Target from a “buy” rating to a “neutral” rating and dropped their target price for the company from $188.00 to $130.00 in a report on Wednesday, November 20th. Piper Sandler decreased their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Guggenheim dropped their price objective on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Target presently has an average rating of “Moderate Buy” and a consensus target price of $161.63.

Target Stock Performance

Shares of TGT opened at $130.50 on Monday. Target has a one year low of $120.21 and a one year high of $181.86. The company has a 50-day simple moving average of $150.82 and a two-hundred day simple moving average of $149.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $60.12 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 2.05 and a beta of 1.24.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in shares of Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after acquiring an additional 1,981,458 shares during the last quarter. Boston Partners purchased a new stake in Target in the 1st quarter worth $335,870,000. Two Sigma Advisers LP increased its holdings in shares of Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Target Dividend Announcement

The company also recently declared 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 is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.43%. Target’s dividend payout ratio is currently 47.51%.

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.