Target (NYSE:TGT) Price Target Raised to $170.00

Target (NYSE:TGT) had its price objective upped by research analysts at Oppenheimer from $140.00 to $170.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s target price would indicate a potential upside of 11.69% from the company’s previous close.

A number of other research analysts have also recently weighed in on TGT. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research report on Friday, June 12th. Wall Street Zen raised shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Sanford C. Bernstein upped their price target on Target from $124.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Wolfe Research set a $169.00 price target on Target in a report on Monday, August 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Target in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $138.00.

Target Price Performance

NYSE TGT opened at $152.21 on Tuesday. The stock has a 50-day moving average of $135.58 and a 200 day moving average of $124.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The company has a market capitalization of $69.13 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.94 and a beta of 0.96. Target has a one year low of $83.44 and a one year high of $153.32.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.Target’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts forecast that Target will post 8.32 EPS 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 dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Target

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGT. Richardson Financial Services Inc. acquired a new position in Target in the second quarter valued at approximately $26,000. WFA of San Diego LLC acquired a new stake in Target during the second quarter valued at $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target in the fourth quarter worth about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target in the 4th quarter valued at about $26,000. Finally, Capital Advisors Ltd. LLC grew its holdings in Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

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.