Jefferies Reiterates Buy Rating on Target Corporation

On June 26, 2026, Jefferies reiterated its buy rating on Target Corporation (NYSE:TGT), setting a price target of $161. Analyst Corey Tarlowe's reaffirmation underscores confidence in the retailer's prospects as shares traded around $139.57 on Friday.

Other Institutional Activity in Target Corporation

Several institutional investors made notable moves in Target Corporation recently. BlackRock, Inc. grew its holdings by 3,138,056 shares, ending with 37,912,138 shares valued at approximately $4.59 billion, marking a 9.0% increase. Meanwhile, State Street Corp trimmed its position by 283,377 shares, bringing its total to 37,489,156 shares worth about $4.54 billion, a slight 0.8% decrease. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions with 29,407,928 and 21,864,752 shares respectively. On the other hand, Charles Schwab Investment Management Inc reduced its stake by 3,057,726 shares, resulting in a 17.9% decrease to 14,008,200 shares, valued at $1.70 billion.

Target Corporation Stock Down 17.9%

Shares of NYSE:TGT traded near $139.57 on Friday. The company has a market cap of $63.4 billion, a P/E ratio of 18.46, and a forward P/E of 15.64. Target's stock has seen a 52-week low of $83.44 and a high of $142.82. Its 50-day moving average is $127.66 while the 200-day moving average stands at $108.36. The retailer's current ratio is 0.932, with a quick ratio of 0.182 and a debt-to-equity ratio of 117.548.

Recent Earnings

In its last earnings report, Target Corporation posted revenue of $106.38 billion, reflecting a revenue growth of 6.7%. The company reported an EPS of $7.56, with a net margin of 3.24% and a return on equity of 22.02%. Target's next earnings release is scheduled for August 19, 2026.

Dividend

Target offers an annual dividend rate of $4.64, yielding 3.32%. The dividend payout ratio is 59.97%.

Insider Buying and Selling at Target Corporation

Recent insider activity at Target Corporation included several transactions. On May 29, 2026, Executive Officer Cara Sylvester sold 10,000 shares at an average price of $125.89. A few days earlier, on May 27, Executive Officer Brian Cornell sold 50,000 shares at $129.85. Earlier in April, Melissa Kremer, another Executive Officer, bought 5,809 shares and sold 3,088 shares on April 7.

Analysts Set New Price Targets

On June 26, 2026, Jefferies maintained its buy rating on Target with a $161 price target. Other firms like Guggenheim also maintained a buy rating, setting a target of $145 on June 12, 2026. Telsey Advisory Group, Truist Securities, DA Davidson, RBC Capital, and Goldman Sachs have also provided ratings, with targets ranging from $127 to $155.

About Target Corporation

Target Corporation, headquartered in Minneapolis, MN, operates as a general merchandise retailer across the United States. It offers a wide range of products including apparel, beauty items, food, electronics, and household essentials. Under the leadership of CEO Michael J. Fiddelke, Target employs approximately 415,000 people and continues to expand its digital and physical retail presence.

Bottom Line

Jefferies' reiterated buy rating and $161 price target for Target Corporation highlight the firm's positive outlook on the retailer. Investors often track such analyst opinions to gauge market sentiment. It's important to remember that analyst ratings are based on past performance and projections, and actual results may vary.