Guggenheim Forecasts Strong Price Appreciation for Target (NYSE:TGT) Stock

Target (NYSE:TGT) had its price objective hoisted by Guggenheim from $145.00 to $150.00 in a report released on Monday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the retailer’s stock. Guggenheim’s price objective suggests a potential upside of 8.30% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wolfe Research raised shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective on the stock in a report on Tuesday, June 23rd. Jefferies Financial Group boosted their price objective on shares of Target from $140.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, June 26th. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Finally, Argus set a $150.00 target price on shares of Target in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $132.15.

Target Stock Performance

Shares of TGT stock opened at $138.50 on Monday. The company has a market cap of $62.91 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98. The stock has a 50 day simple moving average of $130.10 and a 200-day simple moving average of $121.17. Target has a 12-month low of $83.44 and a 12-month high of $144.40. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for 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 quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts forecast that Target will post 8.35 EPS for the current year.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred 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 completion of the sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TGT. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in Target in the 4th quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Target in the 4th quarter valued at about $26,000. Capital Advisors Ltd. LLC grew its holdings in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after buying an additional 194 shares during the period. Finally, Valued Wealth Advisors LLC increased its stake in shares of Target by 134.9% during the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock valued at $36,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other 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.