S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
3 Free Stock Picks per Day (Ad)
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
3 Free Stock Picks per Day (Ad)
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
3 Free Stock Picks per Day (Ad)
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
3 Free Stock Picks per Day (Ad)
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks" (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
NYSE:TGT

Target (TGT) Stock Forecast, Price & News

$138.93
-1.82 (-1.29%)
(As of 05/26/2023 08:47 PM ET)
Compare
Today's Range
$137.21
$140.48
50-Day Range
$138.93
$169.58
52-Week Range
$137.16
$183.89
Volume
8.10 million shs
Average Volume
3.36 million shs
Market Capitalization
$64.12 billion
P/E Ratio
23.67
Dividend Yield
3.11%
Price Target
$181.69

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
30.8% Upside
$181.69 Price Target
Short Interest
Healthy
2.09% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
-0.30mentions of Target in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$5.80 M Sold Last Quarter
Proj. Earnings Growth
25.33%
From $8.29 to $10.39 Per Share

Overall MarketRank

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

3.48 out of 5 stars

Retail/Wholesale Sector

1st out of 215 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.

 

Receive TGT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Target and its competitors with MarketBeat's FREE daily newsletter.

TGT Stock News Headlines

Target (NYSE:TGT) Releases Q2 2023 Earnings Guidance
Target (NYSE:TGT) Issues FY 2023 Earnings Guidance
3 Free Stock Picks per Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
Target Sees Unusually High Options Volume (NYSE:TGT)
Target Co. (NYSE:TGT) CAO Sells $234,534.25 in Stock
Free A.I. Trade Alerts. Up to 15 opportunities a day.
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
Target (NYSE:TGT) Releases FY24 Earnings Guidance
Target (NYSE:TGT) Updates Q2 Earnings Guidance
StockNews.com Initiates Coverage on Target (NYSE:TGT)
Target Co. (NYSE:TGT) Announces $1.08 Quarterly Dividend
Target (TGT) Scheduled to Post Earnings on Wednesday
My Nio Stock Price Target for 2025
Target Is Solving Its Inventory Problems: Now What?
Target: Cautiously Bullish, But Price Target Lowered
See More Headlines
Receive TGT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Target and its competitors with MarketBeat's FREE daily newsletter.

TGT Company Calendar

Ex-Dividend for 3/10 Dividend
2/14/2023
Dividend Payable
3/10/2023
Ex-Dividend for 6/10 Dividend
5/16/2023
Last Earnings
5/17/2023
Today
5/28/2023
Dividend Payable
6/10/2023
Next Earnings (Estimated)
8/16/2023
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
$181.69
High Stock Price Forecast
$220.00
Low Stock Price Forecast
$132.00
Forecasted Upside/Downside
+30.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
29 Analysts

Profitability

Net Income
$2.78 billion
Pretax Margin
3.09%

Debt

Sales & Book Value

Annual Sales
$109.12 billion
Cash Flow
$11.94 per share
Book Value
$25.14 per share

Miscellaneous

Free Float
460,214,000
Market Cap
$64.12 billion
Optionable
Optionable
Beta
1.02

Social Links


Key Executives

  • Brian C. CornellBrian C. Cornell
    Chairman & Chief Executive Officer
  • John J. MulliganJohn J. Mulligan
    Chief Operating Officer & Executive Vice President
  • Michael J. FiddelkeMichael J. Fiddelke
    Chief Financial Officer & Executive Vice President
  • Brett Craig
    Chief Information Officer & Executive VP
  • Tony Heredia
    Senior Vice President-Compliance & Ethics













TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

29 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, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TGT shares.
View TGT analyst ratings
or view top-rated stocks.

What is Target's stock price forecast for 2023?

29 equities research analysts have issued twelve-month target prices for Target's stock. Their TGT share price forecasts range from $132.00 to $220.00. On average, they expect the company's stock price to reach $181.69 in the next twelve months. This suggests a possible upside of 30.8% 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 at the beginning of 2023. Since then, TGT stock has decreased by 6.8% and is now trading at $138.93.
View the best growth stocks for 2023 here
.

Are investors shorting Target?

Target saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 10,430,000 shares, an increase of 18.8% from the March 31st total of 8,780,000 shares. Based on an average trading volume of 3,050,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.3% of the company's shares are sold short.
View Target's Short Interest
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) announced its quarterly earnings results on Wednesday, May, 17th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.29. The retailer earned $24.95 billion during the quarter, compared to analyst estimates of $25.28 billion. Target had a trailing twelve-month return on equity of 24.49% and a net margin of 2.49%. Target's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.19 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 Thursday, March 9th. Shareholders of record on Wednesday, May 17th will be given a dividend of $1.08 per share on Saturday, June 10th. This represents a $4.32 annualized dividend and a yield of 3.11%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 3.11%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 41.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

How will Target's stock buyback program work?

Target announced that its board has approved a share buyback program on Wednesday, August 18th 2021, which allows the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 12.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

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

Target issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $1.30-$1.70 for the period, compared to the consensus estimate of $1.93. The company issued revenue guidance of -.

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 a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (7.49%), BlackRock Inc. (7.45%), Geode Capital Management LLC (1.80%), Franklin Resources Inc. (1.44%), FMR LLC (1.27%) and Fisher Asset Management LLC (1.14%). Insiders that own company stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, 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, Roxanne S Austin, 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 $138.93.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $64.12 billion and generates $109.12 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $5.87 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 5/29/2023 by MarketBeat.com Staff

My Account -