Target (NYSE:TGT) Given New $150.00 Price Target at Guggenheim

Target (NYSE:TGT) had its price objective raised by investment analysts at Guggenheim from $145.00 to $150.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. Guggenheim’s target price would suggest a potential upside of 7.20% from the stock’s current price.

TGT has been the subject of a number of other reports. Wolfe Research raised Target from a “peer perform” rating to an “outperform” rating and set a $162.00 target price for the company in a research report on Tuesday, June 23rd. Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Evercore set a $130.00 price target on Target in a report on Monday, May 18th. Wells Fargo & Company raised their price target on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $132.15.

Target Price Performance

Target stock opened at $139.93 on Monday. The stock has a market cap of $63.55 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.73 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The company’s 50 day moving average price is $129.35 and its two-hundred day moving average price is $120.58. Target has a 52 week low of $83.44 and a 52 week high of $144.40.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts predict that Target will post 8.35 earnings per share for the current year.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider owned 45,930 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Target

Several large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Target during the 4th quarter worth approximately $587,903,000. TOMS Capital Investment Management LP purchased a new stake in shares of Target during the fourth quarter worth about $257,571,000. AQR Capital Management LLC boosted its holdings in shares of Target by 243.8% during the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after purchasing an additional 2,035,298 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Target by 6,639.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after purchasing an additional 1,884,577 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Target by 104.7% during the 4th quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock valued at $6,403,000 after purchasing an additional 1,448,146 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Company Profile

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.