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NYSE:TGT

Target (TGT) Stock Price, News & Analysis

$150.49
-4.80 (-3.09%)
(As of 04:25 PM ET)
Today's Range
$150.11
$154.64
50-Day Range
$137.39
$155.29
52-Week Range
$102.93
$171.24
Volume
8.99 million shs
Average Volume
3.55 million shs
Market Capitalization
$69.48 billion
P/E Ratio
19.20
Dividend Yield
2.92%
Price Target
$152.83

Target MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.2% Upside
$152.83 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
0.64mentions of Target in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.56%
From $8.37 to $9.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.68 out of 5 stars

Retail/Wholesale Sector

15th out of 208 stocks

Variety Stores Industry

2nd out of 11 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

Target Stock Has a Plan to Compound Your Investment
Investing in stocks differs from buying bonds and other vehicles like commodities because they are exposed to two different cycles. Bonds perform based on the credit cycle set by the Federal Reserve (the Fed), and commodities perform based on the demand and supply cycle they also encounter; stocks, well, a bit of both and then some.
Quad/Graphics is a benefactor of the advertising rebound
Quad/Graphics Inc. NYSE: QUAD is a global full-service marketing solutions firm for commercial clients in the retail, healthcare, financial services, publishing and consumer packaging industries. With over 15,000 employees, the industrial products sector company offers printing services that direct mailers, catalogs and publications to data and analytics, creative and content solutions.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Profit pillars: 5 Dividend aristocrats for reliable income
3M NYSE: MMM, International Business Machines NYSE: IBM, Realty Income Inc. NYSE: O, Target Corp. NYSE: TGT and the Southern Company NYSE: SO are among dividend aristocrats with a history of increasing shareholder payouts for a history of increasing shareholder payouts for  25 years or more.
Target (NYSE:TGT) Price Target Raised to $157.00
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
3 Consumer Stocks With Untapped Value
The Best Bargain at Target Could Be its Stock
Oppenheimer Increases Target (NYSE:TGT) Price Target to $170.00
Target (TGT) to Release Earnings on Tuesday
CEO's General Mills Stake Shrinks by Half
Target Co. (NYSE:TGT) Given Consensus Rating of "Hold" by Analysts
Slow and Steady: 3 Stocks Targeting 50% Growth by 2030
It's Time! 3 Overvalued S&P 500 Stocks to Sell in February
3 Stocks at Risk of a Very Painful Correction Soon
See More Headlines
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Company Calendar

Ex-Dividend for 12/10 Dividend
11/14/2023
Last Earnings
11/15/2023
Dividend Payable
12/10/2023
Ex-Dividend for 3/10 Dividend
2/20/2024
Today
3/04/2024
Next Earnings (Confirmed)
3/05/2024
Dividend Payable
3/10/2024
Fiscal Year End
1/31/2025

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 Target
$152.83
High Stock Price Target
$193.00
Low Stock Price Target
$116.00
Potential Upside/Downside
-1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
24 Analysts

Profitability

Net Income
$2.78 billion
Pretax Margin
4.26%

Debt

Sales & Book Value

Annual Sales
$109.12 billion
Cash Flow
$11.94 per share
Book Value
$24.40 per share

Miscellaneous

Free Float
460,600,000
Market Cap
$71.69 billion
Optionable
Optionable
Beta
1.13

Social Links

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Should I Buy Target Stock? TGT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Target was last updated on Friday, March 1, 2024 at 8:21 PM.

Pros

Here are some ways that investors could benefit from investing in Target Co.:

  • Target Corporation operates as a general merchandise retailer in the United States, offering a wide range of products for various demographics.
  • Target has a strong online presence through Target.com, providing additional revenue streams beyond physical stores.
  • Recent financial data shows a positive trend in annual revenue for Target Co., indicating growth and potential profitability.
  • Net income for Target Co. has been increasing, showcasing the company's ability to generate profits and return value to investors.
  • The current stock price of Target Co. is favorable, making it an attractive investment opportunity for those looking for potential gains.

Cons

Investors should be bearish about investing in Target Co. for these reasons:

  • While Target Co. has shown growth, competition in the retail industry is fierce, leading to potential challenges in maintaining market share.














TGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Target stock right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 12 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TGT shares.
View TGT analyst ratings
or view top-rated stocks.

What is Target's stock price target for 2024?

24 brokerages have issued twelve-month target prices for Target's stock. Their TGT share price targets range from $116.00 to $193.00. On average, they anticipate the company's stock price to reach $152.83 in the next year. This suggests a possible upside of 1.2% 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 2024?

Target's stock was trading at $142.42 on January 1st, 2024. Since then, TGT stock has increased by 6.0% and is now trading at $150.95.
View the best growth stocks for 2024 here
.

Are investors shorting Target?

Target saw a decline in short interest in January. As of January 31st, there was short interest totaling 7,230,000 shares, a decline of 11.9% from the January 15th total of 8,210,000 shares. Based on an average daily trading volume, of 4,360,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.6% of the company's shares are short sold.
View Target's Short Interest
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our TGT earnings forecast
.

How can I listen to Target's earnings call?

Target will be holding an earnings conference call on Tuesday, March 5th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) announced its quarterly earnings results on Tuesday, March, 5th. The retailer reported $2.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.41. Target had a trailing twelve-month return on equity of 30.69% and a net margin of 3.40%. During the same quarter in the previous year, the company posted $1.89 EPS.

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

Target declared a quarterly dividend on Wednesday, January 17th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $1.10 per share on Sunday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, February 20th.
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 2.88%. The company has been increasing its dividend for 53 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 47.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.74%), Capital World Investors (5.50%), Massachusetts Financial Services Co. MA (2.20%), Franklin Resources Inc. (2.06%), Wells Fargo & Company MN (2.02%) and Norges Bank (1.16%). 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 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/4/2024 by MarketBeat.com Staff