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Target (TGT) Stock Forecast, Price & News

$112.23
-0.37 (-0.33%)
(As of 09:09 AM ET)
Compare
Today's Range
$112.23
$112.23
50-Day Range
$112.61
$136.47
52-Week Range
$112.23
$181.70
Volume
20,768 shs
Average Volume
4.38 million shs
Market Capitalization
$51.81 billion
P/E Ratio
15.42
Dividend Yield
3.92%
Price Target
$158.57

Target MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
40.8% Upside
$158.57 Price Target
Short Interest
Healthy
1.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.50mentions of Target in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$3.92 M Sold Last Quarter
Proj. Earnings Growth
18.55%
From $7.60 to $9.01 Per Share

Overall MarketRank

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

3.58 out of 5 stars

Retail/Wholesale Sector

2nd out of 209 stocks

Variety Stores Industry

1st out of 11 stocks


TGT stock logo

About Target (NYSE:TGT) Stock

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 Price History

TGT Stock News Headlines

Target (NYSE:TGT) Now Covered by HSBC
StockNews.com Downgrades Target (NYSE:TGT) to Hold
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Target's Much-Needed Normalization May Be Over
Target (NYSE:TGT) Rating Increased to Buy at StockNews.com
Target Stock: 35% Price Upside
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Target Q2 Earnings Preview: What To Watch
7 Stocks to Target for Triple-Digit Returns in 2023
Target: Turning Constructive (Rating Upgrade)
See More Headlines
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TGT Company Calendar

Ex-Dividend for 9/10 Dividend
8/15/2023
Last Earnings
8/16/2023
Dividend Payable
9/10/2023
Today
9/25/2023
Next Earnings (Estimated)
11/15/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$158.57
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
+40.8%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
31 Analysts

Profitability

Net Income
$2.78 billion
Pretax Margin
3.91%

Debt

Sales & Book Value

Annual Sales
$109.12 billion
Cash Flow
$11.94 per share
Book Value
$25.98 per share

Miscellaneous

Free Float
460,543,000
Market Cap
$51.98 billion
Optionable
Optionable
Beta
1.01

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Key Executives

  • Mr. Brian C. CornellMr. Brian C. Cornell (Age 64)
    Chairman & CEO
    Comp: $3.19M
  • Mr. Michael J. FiddelkeMr. Michael J. Fiddelke (Age 46)
    Exec. VP & CFO
    Comp: $1.21M
  • Mr. John J. MulliganMr. John J. Mulligan (Age 57)
    Exec. VP & COO
    Comp: $1.63M
  • Mr. Don H. LiuMr. Don H. Liu (Age 61)
    Exec. VP, Chief Legal & Risk Officer, Chief Compliance Officer and Corp. Sec.
    Comp: $1.04M
  • Ms. A. Christina HenningtonMs. A. Christina Hennington (Age 47)
    Exec. VP & Chief Growth Officer
    Comp: $1.21M
  • Mr. Matthew A. LiegelMr. Matthew A. Liegel (Age 45)
    Sr. VP, Chief Accounting Officer & Controller
  • Mr. Brett R. Craig
    Exec. VP & Chief Information Officer
  • Mr. John Hulbert
    VP of Investor Relations
  • Mr. Matthew L. Zabel (Age 55)
    Exec. VP & Gen. Counsel
  • Ms. Katie M. BoylanMs. Katie M. Boylan (Age 45)
    Exec. VP & Chief Communications Officer













TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 18 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

31 Wall Street research analysts have issued 1 year price objectives for Target's shares. Their TGT share price forecasts range from $120.00 to $200.00. On average, they anticipate the company's share price to reach $158.57 in the next year. This suggests a possible upside of 40.8% 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 24.4% and is now trading at $112.60.
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 Wednesday, November 15th 2023.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) issued its quarterly earnings data on Wednesday, August, 16th. The retailer reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.39. The retailer earned $24.77 billion during the quarter, compared to the consensus estimate of $25.18 billion. Target had a net margin of 3.12% and a trailing twelve-month return on equity of 29.43%. The company's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS.
Read the conference call transcript
.

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

Target declared a quarterly dividend on Wednesday, September 20th. Shareholders 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 3.91%. 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 3.91%. 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 60.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 48.83% 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 updated its FY24 earnings guidance on Wednesday, August, 16th. The company provided earnings per share (EPS) guidance of $7.00-8.00 for the period, compared to the consensus EPS estimate of $7.72.

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).

What is Target's stock symbol?

Target trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGT."

Who are Target's major shareholders?

Target's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (7.38%), Capital World Investors (7.09%), BlackRock Inc. (7.03%), Franklin Resources Inc. (1.94%), Geode Capital Management LLC (1.83%) and Parnassus Investments LLC (1.10%). 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, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, 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.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $112.60.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $51.98 billion and generates $109.12 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $7.28 on an earnings per share basis.

How many employees does Target have?

The company employs 440,000 workers across the globe.

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
How can I contact Target?

Target's mailing address is 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403. The official website for the company is www.target.com. The retailer can be reached via phone at (612) 304-6073, via email at investorrelations@target.com, or via fax at 612-761-5555.

This page (NYSE:TGT) was last updated on 9/25/2023 by MarketBeat.com Staff

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