Telsey Advisory Group Predicts Lower Earnings for Target

Target Co. (NYSE:TGTFree Report) – Investment analysts at Telsey Advisory Group decreased their FY2027 EPS estimates for Target in a research note issued to investors on Friday, January 17th. Telsey Advisory Group analyst J. Feldman now expects that the retailer will post earnings per share of $10.19 for the year, down from their previous estimate of $10.34. Telsey Advisory Group currently has a “Outperform” rating and a $150.00 target price on the stock. The consensus estimate for Target’s current full-year earnings is $8.60 per share.

Other research analysts also recently issued research reports about the stock. Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company lowered their price objective on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. BMO Capital Markets lowered their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Finally, Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.23.

Read Our Latest Report on Target

Target Price Performance

TGT opened at $133.62 on Monday. Target has a 1 year low of $120.21 and a 1 year high of $181.86. The stock has a 50-day moving average price of $136.13 and a 200-day moving average price of $145.15. The firm has a market cap of $61.22 billion, a PE ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.35%. Target’s payout ratio is 47.51%.

Institutional Investors Weigh In On Target

A number of institutional investors have recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans boosted its position in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Prana Capital Management LP boosted its holdings in shares of Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in shares of Target during the fourth quarter valued at about $2,272,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Target in the third quarter worth about $967,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

About Target

(Get Free Report)

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.

See Also

Earnings History and Estimates for Target (NYSE:TGT)

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