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Target's merchandising refresh boosts customer traffic and margins, says Jefferies after Denver store visit

Analyst Insights
25 Sep 2026
Proactive Investors
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Bullish
Target's merchandising refresh boosts customer traffic and margins, says Jefferies after Denver store visit

Jefferies analysts observed that Target's focus on value and affordability is attracting shoppers, with lower inventory on promoted items indicating strong demand. The store's apparel, seasonal goods, sporting goods, and grocery sections showed positive signs of customer engagement, supported by promotional pricing and well-stocked displays. Target's management is actively refreshing assortments across key categories to enhance value perception and drive growth. Jefferies forecasts Target's fiscal 2026 earnings per share at $10.50, 21% above consensus, and expects continued revenue and earnings growth in 2027.

Target's stock price stands at USD 157.16 with a 1-day gain of 0.65% as of Sep 25, 2026, 23:51 WIB on Pluang, reflecting steady investor interest alongside Jefferies' positive outlook on the company's merchandising refresh. The stock's market cap is $70.94 billion, and trading volume reached over 3.2 million shares, with 80% of Pluang orders being buys. This activity highlights confidence in Target's growth potential amid its strategic focus on value and assortment updates.

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