S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
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The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
All the trading advice you’ve ever received boils down to this (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
All the trading advice you’ve ever received boils down to this (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
All the trading advice you’ve ever received boils down to this (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
All the trading advice you’ve ever received boils down to this (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way

Target (TGT) Stock Price, News & Analysis

$135.19
0.00 (0.00%)
(As of 12/8/2023 ET)
Compare
Today's Range
$135.11
$136.40
50-Day Range
$105.01
$135.19
52-Week Range
$102.93
$181.70
Volume
2.88 million shs
Average Volume
6.14 million shs
Market Capitalization
$62.41 billion
P/E Ratio
17.24
Dividend Yield
3.25%
Price Target
$153.07

Target MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
13.2% Upside
$153.07 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.79mentions of Target in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$3.13 M Sold Last Quarter
Proj. Earnings Growth
8.99%
From $8.34 to $9.09 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Consumer Defensive Sector

1st out of 11 stocks

Discount Stores Industry

1st out of 1 stocks


TGT stock logo

About Target Stock (NYSE:TGT)

Target Corporation has a long history dating back to 1902. The company began as Goodfellows Dry Goods, operated by George Dalton, and later changed its name via a progression of mergers and acquisitions. The first “Target” store was opened in Roseville, Minnesota in 1962 as the discount division of the parent company. The idea was discount or low-priced items could still be fashionable and desirable. After meeting great success in the home territory, the concept went public in the late 1960s was later expanded on a national level during the 1980s. Target Corporation is now the 7th largest retailer in the US and is projected to bring in more than $113 billion in revenue for fiscal 2023.

The department stores were shed in 2004 so today Target operates as a general merchandise retailer that serves on-trend items at discounted prices. It is known as a big box retailer and is a member of the S&P 500. The company listed about 2,000 stores in mid-2022 and had plans for growth. The company offers an assortment of everyday, household, and food goods in a bright and cheery atmosphere. It has set itself apart from other low-priced retailers as the chic choice for savvy shoppers. The company’s stated purpose is to help families discover the joy of everyday life and it does so by offering quality products that families can afford.

The company sells its products through a chain of stores as well as eCommerce. eCommerce is about 20% of Target’s total revenue and was boosted by the COVID-19 pandemic. Services like delivery, same-day pickup, and access to thousands of necessary and discretionary items are also driving adoption. Target also offers amenities like cafes and opticians, and it hosts Starbucks inside the stores.

Target Corporation has paid and increased its dividend for more than 5 decades. The company issued its 53rd consecutive distribution increase in calendar 2022 bringing the total annual payout to $4.32. In late October 2022, the payout was worth 2.7% in yield and came with a 40% payout ratio and a 9% distribution compound annual growth rate.

Target is a leader in ESG and giving back to the community. Among its many endeavors is to return 5% of its profits to community charities as well as to inspire its employees to volunteer. Volunteers donate more than 1 million man-hours per year.

 

TGT Stock Price History

TGT Stock News Headlines

3 Hot Stocks Targeting 1,000% Growth by 2030
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Q4 2024 EPS Estimates for Target Co. Boosted by Analyst (NYSE:TGT)
Matthew L. Zabel Sells 4,000 Shares of Target Co. (NYSE:TGT) Stock
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
RIVN Stock Alert: Rivian Hikes Production Target for 2023
Target: A Value Trap, The Sell-Off Should Accelerate
Target Corporation And Its Real Value
Target: Financials Say Buy, But Too Much Drama For Now
Target's Much-Needed Normalization May Be Over
Target Stock: 35% Price Upside
Target Q2 Earnings Preview: What To Watch
See More Headlines
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Company Calendar

Ex-Dividend for 12/10 Dividend
11/14/2023
Last Earnings
11/15/2023
Today
12/10/2023
Dividend Payable
12/10/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Discount Stores
Sub-Industry
General Merchandise Stores
CUSIP
87612E10
Employees
440,000
Year Founded
1902

Price Target and Rating

Average Stock Price Target
$153.07
High Stock Price Target
$200.00
Low Stock Price Target
$116.00
Potential Upside/Downside
+13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
28 Analysts

Profitability

Net Income
$2.78 billion
Pretax Margin
4.26%

Debt

Sales & Book Value

Annual Sales
$106.89 billion
Cash Flow
$11.94 per share
Book Value
$27.11 per share

Miscellaneous

Free Float
460,600,000
Market Cap
$62.41 billion
Optionable
Optionable
Beta
1.10

Social Links

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TGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Target stock right now?

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 16 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TGT, but not buy additional shares or sell existing shares.
View TGT analyst ratings
or view top-rated stocks.

What is Target's stock price target for 2024?

28 Wall Street research analysts have issued 12-month price targets for Target's stock. Their TGT share price targets range from $116.00 to $200.00. On average, they expect the company's share price to reach $153.07 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for TGT
or view top-rated stocks among Wall Street analysts.

How have TGT shares performed in 2023?

Target's stock was trading at $149.04 on January 1st, 2023. Since then, TGT shares have decreased by 9.3% and is now trading at $135.19.
View the best growth stocks for 2023 here
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) issued its quarterly earnings data on Wednesday, November, 15th. The retailer reported $2.10 EPS for the quarter, topping the consensus estimate of $1.48 by $0.62. The retailer earned $25 billion during the quarter, compared to the consensus estimate of $25.28 billion. Target had a trailing twelve-month return on equity of 30.69% and a net margin of 3.40%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 EPS.
Read the conference call transcript
.

How often does Target pay dividends? What is the dividend yield for Target?

Target announced a quarterly dividend on Wednesday, September 20th. Stockholders of record on Wednesday, November 15th will be given a dividend of $1.10 per share on Sunday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $4.40 per share and currently has a dividend yield of 3.30%. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 48.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

What guidance has Target issued on next quarter's earnings?

Target issued an update on its fourth quarter earnings guidance on Wednesday, November, 15th. The company provided earnings per share guidance of $1.90-2.60 for the period, compared to the consensus earnings per share estimate of $2.23.

What is Brian Cornell's approval rating as Target's CEO?

10,048 employees have rated Target Chief Executive Officer Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Target own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Target investors own include NVIDIA (NVDA), Walmart (WMT), AT&T (T), Walt Disney (DIS), Johnson & Johnson (JNJ), Home Depot (HD), Verizon Communications (VZ), Intel (INTC), Alibaba Group (BABA) and Cisco Systems (CSCO).

Who are Target's major shareholders?

Target's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.01%), FMR LLC (1.46%), Morgan Stanley (1.32%), Northern Trust Corp (1.11%), Bank of New York Mellon Corp (0.82%) and Stifel Financial Corp (0.77%). Insiders that own company stock include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Matthew A Liegel, Matthew L Zabel, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, Stephanie A Lundquist and Stephen A Vintz.
View institutional ownership trends
.

How do I buy shares of Target?

Shares of TGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Target have any subsidiaries?
The following companies are subsidiares of Target: A Bullseye View, Associated Merchandising Corporation, Chefs Catalog, Cooking.com, Deliv, DermStore, Fedco, Grand Junction, PoweredAnalytics, Shipt, Sonia Kashuk, Target Brands Inc., Target Enterprise Inc., and Target General Merchandise Inc..
Read More
This page (NYSE:TGT) was last updated on 12/10/2023 by MarketBeat.com Staff

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