Target (TGT) Stock Forecast, Price & News

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 17 hold ratings and 13 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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30 brokerages have issued 12-month price targets for Target's stock. Their TGT share price forecasts range from $120.00 to $200.00. On average, they anticipate the company's share price to reach $159.21 in the next year. This suggests a possible upside of 35.7% from the stock's current price.
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Target's stock was trading at $149.04 at the beginning of the year. Since then, TGT shares have decreased by 21.3% and is now trading at $117.32.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) posted its quarterly earnings data on Wednesday, August, 16th. The retailer reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.39. The retailer earned $24.77 billion during the quarter, compared to analysts' expectations of $25.18 billion. Target had a net margin of 3.12% and a trailing twelve-month return on equity of 29.43%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS.
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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 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Tuesday, November 14th.
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 (NYSE:TGT) pays an annual dividend of $4.40 per share and currently has a dividend yield of 3.66%. 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.

Target issued an update on 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 earnings per share estimate of $7.72.

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

Target's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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.
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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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One share of TGT stock can currently be purchased for approximately $117.32.

Target (NYSE:TGT) has a market capitalization of $54.16 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.

The company employs 440,000 workers across the globe.

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.