Target (TGT) Stock Price, News & Analysis

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

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.
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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.

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.

ETFs with the largest weight of Target (NYSE:TGT) stock in their portfolio include VanEck Retail ETF (RTH), Consumer Staples Select Sector SPDR Fund (XLP), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Emerge EMPWR Sustainable Dividend Equity ETF (EMCA), ProShares Ultra Consumer Staples (UGE) and iShares U.S. Consumer Focused ETF (IEDI).

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.

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.

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).

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.
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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.
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