Target (NYSE:TGT) Issues FY 2026 Earnings Guidance

Target (NYSE:TGT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.500-8.500 for the period, compared to the consensus estimate of 7.720. The company issued revenue guidance of $108.5 billion-$109.5 billion, compared to the consensus revenue estimate of $106.4 billion.

Target Stock Up 2.9%

NYSE:TGT opened at $127.00 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $122.19 and a 200-day moving average of $109.05. The firm has a market capitalization of $57.68 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 3.67 and a beta of 1.01. Target has a 52 week low of $83.44 and a 52 week high of $133.10.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target will post 8.05 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. Target’s dividend payout ratio is currently 56.09%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Target from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Barclays upped their target price on shares of Target from $108.00 to $115.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price target on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Wells Fargo & Company increased their price objective on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Wolfe Research raised Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Target has an average rating of “Hold” and an average target price of $119.93.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Target News Summary

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target said it hired Jeff England, a 20-year supply-chain and logistics veteran and former Walmart executive, as its new chief global supply chain and logistics officer. Investors may see the move as a sign Target is prioritizing operational improvements and faster execution to support sales recovery. Target Names Jeff England EVP, Chief Global Supply Chain and Logistics Officer
• Positive Sentiment: Wall Street is watching Target’s Q1 results closely as a potential gauge of the broader retail sector and U.S. consumer health, which can increase trading interest and keep expectations elevated into the report. Target vs Walmart: Which Retail Giant is the Better Investment as Q1 Results Approach?
• Neutral Sentiment: Target also announced it will webcast its first-quarter earnings call on Wednesday morning, reinforcing that a major catalyst is imminent rather than providing new fundamental information. Target Corporation to Webcast 1st Quarter Earnings Conference Call on Wednesday, May 20, 2026
• Neutral Sentiment: Analysts are framing the quarter as a balance between improving categories like beauty and essentials and ongoing pressure from weaker discretionary spending and costs, leaving sentiment mixed heading into earnings. Target to Report Q1 Earnings: Is Another Beat in the Cards?
• Negative Sentiment: Recent coverage from the Wall Street Journal emphasized Target’s yearslong sales slump and the need for a supply-chain reset, underscoring the turnaround risk investors are still weighing. Target Plans to Name a New Supply-Chain Head as It Struggles With Weak Sales

Institutional Trading of Target

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Target during the fourth quarter worth approximately $515,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Target in the 4th quarter worth $67,000. Compound Planning Inc. raised its position in shares of Target by 38.4% during the fourth quarter. Compound Planning Inc. now owns 3,872 shares of the retailer’s stock worth $379,000 after purchasing an additional 1,074 shares during the period. TMB Capital Partners LLC purchased a new stake in shares of Target during the fourth quarter valued at $300,000. Finally, Invesco Ltd. lifted its holdings in shares of Target by 21.1% during the fourth quarter. Invesco Ltd. now owns 4,734,609 shares of the retailer’s stock valued at $462,808,000 after purchasing an additional 824,446 shares during the last quarter. Institutional investors and hedge funds 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.