Roth Capital Issues Negative Forecast for Target Earnings

Target Corporation (NYSE:TGT) – Research analysts at Roth Capital reduced their Q4 2026 earnings per share (EPS) estimates for Target in a report issued on Thursday, November 20th. Roth Capital analyst W. Kirk now anticipates that the retailer will post earnings of $2.29 per share for the quarter, down from their prior forecast of $2.48. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Roth Capital also issued estimates for Target’s Q1 2027 earnings at $1.46 EPS and FY2027 earnings at $8.00 EPS.

Several other equities research analysts have also issued reports on TGT. Jefferies Financial Group reduced their price objective on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Mizuho cut their target price on Target from $94.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday. Wolfe Research began coverage on Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target for the company. UBS Group reduced their target price on Target from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Finally, Piper Sandler reiterated a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of Target in a report on Thursday. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $102.97.

Target Price Performance

NYSE TGT opened at $87.51 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $39.76 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. Target has a 12-month low of $83.44 and a 12-month high of $145.08. The company has a 50 day moving average price of $90.13 and a two-hundred day moving average price of $95.90.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $25.28 billion during the quarter, compared to the consensus estimate of $25.44 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio is presently 55.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. WFA of San Diego LLC bought a new position in shares of Target during the 2nd quarter worth about $25,000. Kozak & Associates Inc. lifted its position in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares during the period. Raleigh Capital Management Inc. boosted its stake in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Target in the second quarter valued at $29,000. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Target during the third quarter valued at $27,000. 79.73% of the stock is owned by institutional investors.

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.