Target Stock Forecast, Price & News

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 8 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 "moderate buy" Target stock.
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25 Wall Street research analysts have issued 12 month price objectives for Target's stock. Their TGT stock forecasts range from $150.00 to $280.00. On average, they predict Target's share price to reach $193.04 in the next year. This suggests a possible upside of 35.6% from the stock's current price.
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Target's stock was trading at $231.44 at the start of the year. Since then, TGT stock has decreased by 38.5% and is now trading at $142.38.
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Target saw a increase in short interest in May. As of May 31st, there was short interest totaling 10,660,000 shares, an increase of 27.4% from the May 15th total of 8,370,000 shares. Based on an average daily trading volume, of 5,730,000 shares, the short-interest ratio is currently 1.9 days.
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
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Target Co. (NYSE:TGT) released its earnings results on Wednesday, May, 18th. The retailer reported $2.19 earnings per share for the quarter, missing the consensus estimate of $3.07 by $0.88. The retailer earned $24.83 billion during the quarter, compared to analysts' expectations of $24.48 billion. Target had a trailing twelve-month return on equity of 44.75% and a net margin of 5.48%. Target's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $3.69 earnings per share.
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Target declared a quarterly dividend on Thursday, June 9th. Shareholders of record on Wednesday, August 17th will be given a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 16th. This is a boost from Target's previous quarterly dividend of $0.90.
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Target(NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.53%. Target 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 of Target is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 29.10% next year. This indicates that Target will be able to sustain or increase its dividend.
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Target announced that its Board of Directors has authorized a share buyback program on Wednesday, August 18th 2021, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its stock is undervalued.

10,048 employees have rated Target CEO Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among Target's employees.

Some companies that are related to Target include Costco Wholesale (COST), Wal-Mart de México (WMMVY), Dollar General (DG), Dollar Tree (DLTR), Tesco (TSCDY), BJ's Wholesale Club (BJ), Five Below (FIVE), Ollie's Bargain Outlet (OLLI), MINISO Group (MNSO), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUESQ), Tuesday Morning (TUEM) and Fred's (FREDQ).
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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 variety of retail and institutional investors. Top institutional investors include Park National Corp OH (0.05%), First Financial Bank Trust Division (0.01%) and Insight Wealth Strategies LLC (0.00%). Company insiders that own Target stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Cathy R Smith, Christina Hennington, Don H Liu, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Laysha Ward, Mark J Tritton, Mark Schindele, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, Robert M Harrison, Roxanne S Austin, Stephanie A Lundquist and Stephen A Vintz.
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TGT stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH. Company insiders that have sold Target company stock in the last two years include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, Stephanie A Lundquist, and Stephen A Vintz.
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TGT stock was bought by a variety of institutional investors in the last quarter, including Insight Wealth Strategies LLC, and First Financial Bank Trust Division.
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Shares of TGT 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 $142.38.

Target (NYSE:TGT) has a market capitalization of $66.02 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $12.059990 on an earnings per share basis.

Target employs 450,000 workers across the globe.

Target was founded in 1902.

Target's mailing address is 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403. The official website for Target 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.