Piper Sandler Boosts Target (NYSE:TGT) Price Target to $127.00

Target (NYSE:TGT) had its price objective hoisted by stock analysts at Piper Sandler from $121.00 to $127.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the retailer’s stock. Piper Sandler’s price target indicates a potential upside of 3.33% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Barclays raised their target price on shares of Target from $108.00 to $115.00 and gave the stock an “underweight” rating in a report on Tuesday, May 12th. Oppenheimer raised their target price on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 target price on shares of Target in a report on Friday, May 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $132.00 target price on shares of Target in a report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $121.93.

Target Stock Down 3.4%

Target stock opened at $122.91 on Thursday. The stock has a market cap of $55.82 billion, a P/E ratio of 15.12, a P/E/G ratio of 3.78 and a beta of 1.01. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target has a twelve month low of $83.44 and a twelve month high of $133.10. The company’s 50-day moving average price is $122.25 and its two-hundred day moving average price is $109.26.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts expect that Target will post 8.06 EPS for the current year.

Insider Transactions at Target

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

Institutional Trading of Target

Several institutional investors have recently modified their holdings of TGT. Whipplewood Advisors LLC increased its position in shares of Target by 16.0% during the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares in the last quarter. Prosperity Consulting Group LLC increased its holdings in Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after purchasing an additional 81 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in shares of Target by 3.1% in the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock valued at $358,000 after purchasing an additional 90 shares in the last quarter. Crawford Investment Counsel Inc. lifted its holdings in shares of Target by 0.4% in the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares in the last quarter. Finally, Valtinson Bruner Financial Planning LLC lifted its holdings in shares of Target by 2.6% in the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target reported strong first-quarter results, with earnings per share of $1.71 and revenue of $25.44 billion, both ahead of estimates. Sales rose 6.7% year over year, traffic increased 4.4%, and digital and membership-related revenue also improved. Target Corporation Reports First Quarter Earnings
• Positive Sentiment: The company raised its full-year sales outlook, signaling that its turnaround strategy under CEO Michael Fiddelke is gaining traction and that shoppers are responding better to refreshed products, stores, and category investments. Reuters article
• Positive Sentiment: Management said Q1 results validate the refreshed strategy, with stronger traffic, improved comparable sales, and better performance across merchandise categories and channels. TGT Q1 Earnings Call Highlights Early Strategy Gains
• Neutral Sentiment: Target also named former Walmart executive Jeff England as its new supply chain and logistics chief, a move aimed at improving efficiency and execution as part of the broader turnaround. Reuters article
• Negative Sentiment: Despite the earnings beat, investors are worried about cost pressures, execution risk, and weaker consumer sentiment, which could limit how much of the turnaround translates into profit improvement this year. Motley Fool article
• Negative Sentiment: Freedom Capital downgraded Target from “strong-buy” to “hold,” adding to pressure on the stock and suggesting some analysts think much of the recent improvement is already reflected in the share price. Zacks.com

About Target

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.