Zacks Research Has Bearish Forecast for Target Q2 Earnings

Target Co. (NYSE:TGT) – Research analysts at Zacks Research dropped their Q2 2026 earnings estimates for Target in a report issued on Tuesday, March 18th. Zacks Research analyst S. Singh now expects that the retailer will post earnings per share of $2.54 for the quarter, down from their prior forecast of $2.60. The consensus estimate for Target’s current full-year earnings is $8.69 per share. Zacks Research also issued estimates for Target’s Q3 2026 earnings at $2.18 EPS, FY2026 earnings at $9.14 EPS, Q2 2027 earnings at $2.68 EPS, Q3 2027 earnings at $2.33 EPS, FY2027 earnings at $9.80 EPS and FY2028 earnings at $10.25 EPS.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion.

A number of other research analysts have also recently issued reports on the stock. Telsey Advisory Group cut their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. UBS Group cut their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets lowered their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $145.55.

Target Stock Performance

NYSE:TGT opened at $104.81 on Thursday. Target has a 1 year low of $103.46 and a 1 year high of $181.86. The firm has a 50 day moving average of $127.31 and a 200-day moving average of $138.71. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $47.75 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Institutional Trading of Target

Institutional investors and hedge funds have recently made changes to their positions in the company. DSG Capital Advisors LLC bought a new position in Target in the 4th quarter valued at approximately $18,238,000. Wealth Enhancement Advisory Services LLC lifted its stake in Target by 6.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 166,086 shares of the retailer’s stock valued at $22,451,000 after purchasing an additional 10,356 shares during the last quarter. Centaurus Financial Inc. lifted its stake in Target by 2.7% in the 4th quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer’s stock valued at $514,000 after purchasing an additional 99 shares during the last quarter. Mattson Financial Services LLC lifted its stake in Target by 6.1% in the 4th quarter. Mattson Financial Services LLC now owns 19,084 shares of the retailer’s stock valued at $2,580,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Aegis Wealth Management LLC bought a new position in Target in the 4th quarter valued at approximately $277,000. Institutional investors own 79.73% of the company’s stock.

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.