DA Davidson Has Negative Forecast for Target Q3 Earnings

Target Corporation (NYSE:TGT) – Analysts at DA Davidson dropped their Q3 2026 earnings per share estimates for shares of Target in a research note issued to investors on Wednesday, November 12th. DA Davidson analyst M. Baker now expects that the retailer will post earnings per share of $1.77 for the quarter, down from their prior forecast of $1.85. DA Davidson currently has a “Buy” rating and a $108.00 price target on the stock. The consensus estimate for Target’s current full-year earnings is $8.69 per share.

Several other equities analysts have also recently weighed in on TGT. Evercore ISI lowered their price objective on shares of Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. BTIG Research began coverage on Target in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Truist Financial reduced their price objective on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Zacks Research cut Target from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, UBS Group reduced their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus price target of $108.71.

Target Stock Down 0.7%

TGT stock opened at $89.96 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm has a market capitalization of $40.88 billion, a P/E ratio of 10.49, a P/E/G ratio of 2.74 and a beta of 1.19. Target has a 52-week low of $85.36 and a 52-week high of $158.42. The company’s 50 day simple moving average is $90.54 and its 200-day simple moving average is $96.21.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the prior year, the firm earned $2.57 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.1%. Target’s payout ratio is 53.15%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TGT. WFA of San Diego LLC bought a new stake in Target in the second quarter worth $25,000. Raleigh Capital Management Inc. boosted its stake in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares in the last quarter. Kozak & Associates Inc. increased its holdings in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Target in the 3rd quarter valued at approximately $27,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Target in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

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.